| RMG latest price $10.5000 (-0.94%) ($10.2700 - $10.6000) on Tue. Oct. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.83% (three month average) |
RSI | 47 |
Latest Price | $10.5000(-0.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.5% a day on average for past five trading days. |
Weekly Trend | RMG declines -1.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) CEMB(77%) LQD(68%) MCHI(40%) PCY(37%) KWEB(34%) |
Factors Impacting RMG price | RMG will decline at least -0.915% in a week (0% probabilities). TBT(-69%) SMH(-48%) UUP(-44%) SPY(-36%) XLK(-35%) |
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 | -0.915% (StdDev 1.83%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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