(Magnite Inc. )
| MGNI latest price $19.6150 (5.97%) ($19.6150 - $19.6300) on Wed. Dec. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.05% (three month average) |
RSI | 55 |
Latest Price | $19.6150(5.97%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.1% a day on average for past five trading days. |
Weekly Trend | MGNI declines -0.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(67%) IBUY(67%) IWO(67%) ONLN(66%) IPO(65%) |
Factors Impacting MGNI price | MGNI will decline at least -2.525% in a week (0% probabilities). VIXM(-38%) VXX(-36%) UUP(-24%) IGOV(-8%) TLT(-5%) |
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 | -2.525% (StdDev 5.05%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0% |
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