| RMG latest price $18.4100 (10.5%) ($16.3000 - $18.4900) on Tue. Dec. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.3% (three month average) |
RSI | 79 |
Latest Price | $18.4100(10.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 3.7% a day on average for past five trading days. |
Weekly Trend | RMG advances 22.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) UNG(14%) TAN(44%) SKYY(27%) SIL(-20%) SLV(-32%) |
Factors Impacting RMG price | RMG will decline at least -2.65% in a week (0% probabilities). IDRV(-9%) ICLN(66%) IPO(71%) IWC(29%) IBB(33%) |
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 | -2.65% (StdDev 5.3%) |
Hourly BBV | 0 () |
Intraday Trend | 8.2% |
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