Trading Signals: RMG Stock Price Prediction and Forecast

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Wed. Dec. 23, 2020

Trading Signals: RMG Stock Price Prediction and Forecast (Mon. Apr. 1, 2019 - Tue. Dec. 29, 2020)

(RMG Acquisition Corp)
RMG latest price $28.6000 (12.69%) ($24.1000 - $29.7900) on Wed. Dec. 23, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   6.01% (three month average)
RSI   79
Latest Price   $28.6000(12.69%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   RMG advances 8.5% a day on average for past five trading days.
Weekly Trend   RMG advances 17.4% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support RMG advance at 0% a week (0% probability)
UNG(-27%)    SIL(15%)    SLV(-12%)    SKYY(-21%)    XLU(-61%)
Factors Impacting RMG price   RMG will decline at least -3.005% in a week (0% probabilities).
IDRV(-4%)    IWC(7%)    IBB(23%)    IWO(23%)    JETS(-27%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -3.005% (StdDev 6.01%)
Hourly BBV 0 ()
Intraday Trend 11.7%

Inflection Point   Yes
5 Day Moving Average   $23.95(19.42%)
10 Day Moving Average   $22.13(29.24%)
20 Day Moving Average   $19.53(46.44%)
To recent high   0%
To recent low   183.2%
Market Cap   $822m

$. RMG price fluctuates within 18.28% (three month std-dev: 6.01%) daily (68% of days).

Sample size 3 Average positive next day return: 0%(0%) Average negative next day return: -3.62%(100%) Sample size 3 Average positive next three day return: 5.24%(33%) Average negative next three day return: -9.87%(67%) Sample size 3 Average positive next weekly return: 3.84%(33%) Average negative next weekly return: -23.87%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210123

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_23_2020	12.21	19.53	22.13	23.95	24.21	26.48	28.6(12.69%)	UT	HoldLong	65	1.3	90	690	55	196	6.01	77%	1.58	108.8	6.01%	0	2.5	79	0.5
2	Dec_22_2020	12.02	18.68	21.11	22.07	22.31	24.45	25.38(6.19%)	UT	HoldLong	65	1	83	700	54	170	4.5	76%	1.26	102.5	5.85%	0	2.1	78	-0.7
3	Dec_21_2020	11.87	17.97	20.39	20.67	20.56	21.94	23.9(8.88%)	UT	OpenLong	75	1	59	450	32	138	6.05	75%	1.19	91.1	5.82%	0	1.8	73	-1.6
4	Dec_18_2020	11.73	17.32	19.66	19.97	19.63	20.16	21.95(10.08%)	UT	OpenLong	75	0.6	35	140	11	107	3.54	74%	1.03	85.6	5.75%	0	1.4	61	1.2
5	Dec_17_2020	11.61	16.76	19.28	19.84	19.66	19.17	19.94(3.85%)	UD	OpenLong	65	0	23	-200	-7	111	2.26	71%	0.87	83.6	5.64%	0	1	60	1.6

6	Dec_16_2020	11.51	16.29	18.85	20.03	20.4	19.09	19.2(4.63%)	UD	OpenLong	65	-0.3	25	-390	-10	130	2.05	72%	0.79	88	5.64%	0	0.9	67	1.5
7	Dec_15_2020	11.42	15.85	18.44	19.98	20.57	20.16	18.35(-10.09%)	UD	OpenLong	65	-0.5	28	-50	-14	153	4.5	72%	0.71	84.2	5.64%	0	0.7	71	0.8
8	Dec_14_2020	11.34	15.46	18.18	19.99	20.66	21.71	20.41(-4.13%)	UD	OpenLong	75	0.1	73	460	26	213	3.3	76%	0.89	81.9	5.46%	0	1.3	77	-0.6
9	Dec_11_2020	11.24	14.94	17.89	19.24	19.78	20.98	21.29(1.82%)	UT	HoldLong	65	0.6	85	510	32	244	7.05	76%	0.99	75.9	5.43%	0	1.7	80	0.3
10	Dec_10_2020	11.13	14.37	17.43	18.65	18.45	19.61	20.91(10.52%)	UT	HoldLong	65	0.6	99	410	37	284	4.16	76%	1	74.5	5.43%	0	1.9	80	0.9

11	Dec_9_2020	11.02	13.81	16.73	17.52	17.78	18.58	18.92(2.77%)	UT	HoldLong	65	0.4	97	360	36	281	9.22	75%	0.82	68.2	5.3%	0	1.6	79	1
12	Dec_8_2020	10.93	13.36	16.05	16.7	16.77	17.29	18.41(10.5%)	UT	HoldLong	65	0.5	83	230	22	265	2.79	75%	0.74	62.8	5.3%	0	1.6	79	1.6
13	Dec_7_2020	10.85	12.93	15.36	16.11	15.91	16.97	16.66(-9.16%)	UD	OpenLong	75	0.2	67	430	3	260	4.41	73%	0.56	60	5.16%	0	1.3	77	1.1
14	Dec_4_2020	10.79	12.6	14.8	16.33	15.69	16.26	18.34(19.95%)	UT	HoldLong	65	0.7	94	140	20	316	4.9	78%	0.75	65.5	5.04%	0	2	83	1.2
15	Dec_3_2020	10.71	12.16	14.02	16.06	15.88	14.84	15.29(3.24%)	UT	HoldLong	65	-0.3	94	-490	2	369	2.08	74%	0.47	70.5	4.42%	0	1.2	80	0.9

16	Dec_2_2020	10.66	11.9	13.54	15.82	16.1	15.12	14.81(-4.2%)	UD	OpenLong	65	-0.4	94	-370	-1	377	4.37	74%	0.47	70	4.41%	0	1.2	79	1
17	Dec_1_2020	10.61	11.65	13.09	15.23	15.85	16.91	15.46(-12.9%)	UD	OpenLong	75	0.1	116	590	32	366	4.44	74%	0.47	64.3	4.37%	0	1.6	83	1
18	Nov_30_2020	10.56	11.37	12.56	14.4	14.79	17.09	17.75(4.53%)	UT	HoldLong	65	1.5	165	1170	95	373	9.28	85%	0.76	56.5	3.97%	0	2.8	99	1.1
19	Nov_27_2020	10.48	10.96	11.76	13.02	13.19	14.78	16.98(20.51%)	UT	HoldLong	65	2.3	139	880	95	269	11.26	84%	0.67	49.1	3.95%	0	3.5	99	1.1
20	Nov_25_2020	10.41	10.58	11.03	11.73	11.75	12.5	14.09(18.6%)	UT	HoldLong	65	2.5	98	450	66	194	9.5	79%	0.39	46.9	3.04%	0	3.8	98	1.3

21	Nov_24_2020	10.37	10.37	10.6	10.98	11.11	11.59	11.88(5.13%)	UT	HoldLong	65	2	78	340	52	154	5.41	70%	0.19	46.4	2.02%	0	3.3	92	1.1
22	Nov_23_2020	10.35	10.27	10.41	10.64	10.7	11	11.3(4.15%)	UT	HoldLong	65	2.2	51	210	35	100	4.94	66%	0.1	39	1.93%	0	3.4	90	1.1
23	Nov_20_2020	10.34	10.21	10.29	10.42	10.45	10.63	10.85(3.04%)	UT	HoldLong	65	2.4	33	130	23	61	2.64	62%	0	29	1.87%	0	3.6	85	1.2
24	Nov_19_2020	10.34	10.18	10.21	10.28	10.31	10.4	10.53(1.94%)	UT	HoldLong	65	2.5	19	70	14	35	1.8	58%	0.1	8.2	1.83%	0	3.5	79	1.3
25	Nov_17_2020	10.33	10.16	10.16	10.2	10.22	10.26	10.33(1.27%)	UT	OpenLong	75	2.2	9	30	6	17	1.73	56%		-35.6	1.8%	0	2.8	72	1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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