(Magnite Inc. )
| MGNI latest price $7.9900 (-3.85%) ($7.7800 - $8.3900) on Tue. Oct. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.36% (three month average) |
RSI | 73 |
Latest Price | $7.9900(-3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 3.5% a day on average for past five trading days. |
Weekly Trend | MGNI advances 10.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(66%) IBUY(66%) IWO(64%) ONLN(64%) IPO(63%) |
Factors Impacting MGNI price | MGNI will decline at least -2.18% in a week (0% probabilities). VXX(-37%) VIXM(-37%) UUP(-25%) DRIV(-6%) TLT(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.18% (StdDev 4.36%) |
Hourly BBV | 0 () |
Intraday Trend | -4.8% |
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