| MGA latest price $59.9400 (0.77%) ($58.9700 - $60.0000) on Thu. Jul. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.03% (three month average) |
RSI | 77 |
Latest Price | $59.9400(0.77%) |
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 4.6% 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) IVE(66%) IWM(65%) IWO(65%) IYT(64%) PAVE(64%) |
Factors Impacting MGA price | MGA will decline at least -1.015% in a week (0% probabilities). VXX(-50%) VIXM(-50%) UUP(-28%) TBT(-18%) USO(-2%) |
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 | -1.015% (StdDev 2.03%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.7% |
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