(Magnite Inc. )
| MGNI latest price $20.1300 (5.01%) ($18.6400 - $20.3500) on Thu. Dec. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.27% (three month average) |
RSI | 95 |
Latest Price | $20.1300(5.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGNI advances 29.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(67%) IBUY(67%) IWO(66%) ONLN(66%) IPO(64%) |
Factors Impacting MGNI price | MGNI will decline at least -2.635% in a week (0% probabilities). VIXM(-38%) VXX(-36%) UUP(-25%) TLT(-5%) UNG(-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 | -2.635% (StdDev 5.27%) |
Hourly BBV | 0 () |
Intraday Trend | 6.3% |
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