| MGA latest price $64.3300 (0.91%) ($63.6300 - $64.5000) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 87 |
Latest Price | $64.3300(0.91%) |
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 3.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IWO(72%) IWM(71%) PAVE(71%) IVE(70%) IPO(69%) |
Factors Impacting MGA price | MGA will decline at least -1.01% in a week (0% probabilities). VXX(-57%) VIXM(-57%) UUP(-25%) TBT(-17%) USO(-10%) |
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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 1 () |
Intraday Trend | 1.2% |
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