| MGA latest price $61.7900 (1.8%) ($61.1300 - $61.9700) on Wed. Jul. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 81 |
Latest Price | $61.7900(1.8%) |
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 3.3% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IVE(70%) IWM(70%) IWO(69%) IWD(68%) IYT(68%) |
Factors Impacting MGA price | MGA will decline at least -1.03% in a week (0% probabilities). VXX(-54%) VIXM(-53%) UUP(-25%) TBT(-21%) EDOC(-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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.9% |
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