(Magnite Inc. )
| MGNI latest price $7.2300 (4.1%) ($6.8600 - $7.3400) on Thu. Oct. 1, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 79 |
Latest Price | $7.2300(4.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 3% a day on average for past five trading days. |
Weekly Trend | MGNI advances 6.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(66%) IBUY(66%) ONLN(65%) IWO(64%) IPO(63%) |
Factors Impacting MGNI price | MGNI will decline at least -2.21% in a week (0% probabilities). VXX(-37%) VIXM(-36%) UUP(-25%) DRIV(-6%) TLT(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -2.21% (StdDev 4.42%) |
Hourly BBV | 0 () |
Intraday Trend | 5.1% |
| |
|
|