(Magnite Inc. )
| MGNI latest price $31.3600 (4.29%) ($31.3600 - $31.3600) on Wed. Dec. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.8% (three month average) |
RSI | 85 |
Latest Price | $31.3600(4.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 2.7% a day on average for past five trading days. |
Weekly Trend | MGNI advances 29.7% a week on average for past two weeks. |
Market Behavior | Value 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(68%) IBUY(68%) IWO(68%) ONLN(67%) IPO(65%) |
Factors Impacting MGNI price | MGNI will decline at least -2.9% in a week (0% probabilities). VIXM(-39%) VXX(-37%) 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 | -2.9% (StdDev 5.8%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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