| MGA latest price $60.0700 (0.42%) ($59.8300 - $61.2945) on Wed. Nov. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.38% (three month average) |
RSI | 58 |
Latest Price | $60.0700(0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2.9% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(73%) IDRV(72%) IWM(68%) IWN(68%) IWD(67%) |
Factors Impacting MGA price | MGA will decline at least -1.19% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-14%) TLT(-8%) EDOC(-6%) |
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 | -1.19% (StdDev 2.38%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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