| MGA latest price $65.4500 (0.6%) ($64.2700 - $65.7400) on Tue. Feb. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 55 |
Latest Price | $65.4500(0.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(64%) DRIV(61%) PAVE(59%) PEJ(59%) IWM(58%) |
Factors Impacting MGA price | MGA will decline at least -1.16% in a week (0% probabilities). VIXM(-48%) UUP(-20%) SHY(-20%) VXX(-13%) GLD(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.16% (StdDev 2.32%) |
Hourly BBV | -0.2 () |
Intraday Trend | 1.3% |
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