| RMG latest price $11.5000 (7.98%) ($10.4500 - $11.8800) on Fri. Oct. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.32% (three month average) |
RSI | 78 |
Latest Price | $11.5000(7.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 1.6% a day on average for past five trading days. |
Weekly Trend | RMG advances 1.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) IGOV(62%) CEMB(56%) LQD(49%) MCHI(32%) KWEB(30%) |
Factors Impacting RMG price | RMG will decline at least -0.66% in a week (0% probabilities). TBT(-52%) UUP(-38%) SMH(-37%) URA(-35%) XLK(-30%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.66% (StdDev 1.32%) |
Hourly BBV | 0 () |
Intraday Trend | 9.5% |
| |
|
|