| RMG latest price $10.4300 (0.29%) ($10.4000 - $10.5132) on Thu. Sep. 10, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.63% (three month average) |
RSI | 70 |
Latest Price | $10.4300(0.29%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.5% a day on average for past five trading days. |
Weekly Trend | RMG advances 1.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) BWX(63%) TLT(45%) CEMB(40%) IPO(19%) LQD(30%) |
Factors Impacting RMG price | RMG will decline at least -0.315% in a week (0% probabilities). UUP(-30%) SMH(-30%) TBT(-29%) XLK(-19%) IVW(-17%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.315% (StdDev 0.63%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
| |
|
|