(Magnite Inc. )
| MGNI latest price $28.5000 (-4.14%) ($28.5000 - $28.5000) on Mon. Aug. 30, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.25% (three month average) |
RSI | 36 |
Latest Price | $28.5000(-4.14%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.4% a day on average for past five trading days. |
Weekly Trend | MGNI declines -2.7% 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(78%) IBUY(77%) IPO(77%) ONLN(75%) ARKG(72%) |
Factors Impacting MGNI price | MGNI will decline at least -2.125% in a week (0% probabilities). VIXM(-51%) VXX(-39%) UUP(-23%) TLT(-5%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.125% (StdDev 4.25%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0% |
| |
|
|