(Magnite Inc. )
| MGNI latest price $34.7200 (15.69%) ($34.7200 - $34.7200) on Tue. Jan. 19, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.37% (three month average) |
RSI | 56 |
Latest Price | $34.7200(15.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 6.5% a day on average for past five trading days. |
Weekly Trend | MGNI advances 0.8% 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(70%) IBUY(70%) IWO(70%) ONLN(69%) IPO(67%) |
Factors Impacting MGNI price | MGNI will decline at least -3.185% in a week (0% probabilities). VIXM(-40%) VXX(-38%) UUP(-25%) TLT(-6%) IGOV(-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 | -3.185% (StdDev 6.37%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
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