| RMG latest price $10.8500 (4.83%) ($10.3000 - $10.8800) on Wed. Sep. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.86% (three month average) |
RSI | 84 |
Latest Price | $10.8500(4.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.9% a day on average for past five trading days. |
Weekly Trend | RMG advances 1.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) BWX(66%) CEMB(42%) IPO(22%) LQD(37%) KWEB(26%) |
Factors Impacting RMG price | RMG will decline at least -0.43% in a week (0% probabilities). TBT(-36%) SMH(-33%) UUP(-30%) XLK(-22%) IVW(-19%) |
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 | -0.43% (StdDev 0.86%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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