| RMG latest price $10.3000 (0.93%) ($10.2300 - $10.3000) on Fri. Aug. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.65% (three month average) |
RSI | 53 |
Latest Price | $10.3000(0.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.2% a day on average for past five trading days. |
Weekly Trend | RMG declines -0.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) TIP(60%) VCIT(40%) BWX(37%) CEMB(30%) TLT(28%) |
Factors Impacting RMG price | RMG will decline at least -0.325% in a week (0% probabilities). SMH(-27%) TBT(-23%) UUP(-21%) XLK(-18%) IVW(-17%) |
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 | -0.325% (StdDev 0.65%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
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