(Magnite Inc. )
| MGNI latest price $41.9600 (5.59%) ($41.9600 - $41.9600) on Tue. Apr. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.63% (three month average) |
RSI | 39 |
Latest Price | $41.9600(5.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 0.9% a day on average for past five trading days. |
Weekly Trend | MGNI declines -1.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(73%) IBUY(73%) IPO(71%) IWO(70%) ONLN(70%) |
Factors Impacting MGNI price | MGNI will decline at least -3.815% in a week (0% probabilities). VIXM(-46%) VXX(-38%) UUP(-21%) IGOV(-8%) TLT(-7%) |
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 | -3.815% (StdDev 7.63%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
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