| MGA latest price $61.7700 (-0.03%) ($61.5600 - $62.1050) on Thu. Jul. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 80 |
Latest Price | $61.7700(-0.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.6% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IWM(72%) IVE(71%) IWO(71%) IWN(69%) IWD(68%) |
Factors Impacting MGA price | MGA will decline at least -1.025% in a week (0% probabilities). VXX(-55%) VIXM(-54%) UUP(-25%) TBT(-21%) USO(-1%) |
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 | -1.025% (StdDev 2.05%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.2% |
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