| MGA latest price $58.1800 (0.78%) ($57.5600 - $58.8300) on Fri. Jul. 7, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 53 |
Latest Price | $58.1800(0.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.8% a day on average for past five trading days. |
Weekly Trend | MGA advances 1.8% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IVE(65%) IWM(65%) IWO(65%) IYT(65%) PAVE(64%) |
Factors Impacting MGA price | MGA will decline at least -1.03% in a week (0% probabilities). VXX(-49%) VIXM(-49%) UUP(-25%) TBT(-17%) EDOC(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.03% (StdDev 2.06%) |
Hourly BBV | 1 () |
Intraday Trend | 0.7% |
| |
|
|