(Magnite Inc. )
| MGNI latest price $8.9100 (7.67%) ($8.9100 - $8.9100) on Wed. Aug. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.92% (three month average) |
RSI | 68 |
Latest Price | $8.9100(7.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 2.1% a day on average for past five trading days. |
Weekly Trend | MGNI advances 1.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) IVE(88%) IBUY(80%) IWO(74%) XLC(74%) EWP(72%) |
Factors Impacting MGNI price | MGNI will decline at least -2.96% in a week (0% probabilities). UUP(-20%) TBT(-7%) SHY(3%) TLT(9%) TIP(10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.96% (StdDev 5.92%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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