| MGA latest price $58.2900 (2.35%) ($56.5300 - $58.3100) on Tue. Aug. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.78% (three month average) |
RSI | 41 |
Latest Price | $58.2900(2.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.9% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.7% 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) IVW(94%) SPY(87%) IVE(79%) IWO(79%) ARKK(77%) |
Factors Impacting MGA price | MGA will decline at least -0.89% in a week (0% probabilities). VIXM(-64%) VXX(-63%) UUP(-34%) TBT(-26%) USO(-17%) |
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 | -0.89% (StdDev 1.78%) |
Hourly BBV | 2.2 () |
Intraday Trend | 2.7% |
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