| RMG latest price $10.1500 (0.3%) ($10.1100 - $10.1850) on Thu. Nov. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.8% (three month average) |
RSI | 42 |
Latest Price | $10.1500(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.1% a day on average for past five trading days. |
Weekly Trend | RMG declines -0.1% 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) KWEB(68%) EMHY(59%) ACES(41%) EDOC(46%) IBUY(40%) |
Factors Impacting RMG price | RMG will decline at least -0.9% in a week (0% probabilities). XLY(-59%) XLV(-57%) SPLV(-57%) XLE(-49%) XLI(-43%) |
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 | -0.9% (StdDev 1.8%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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