| MGA latest price $63.7800 (-1.65%) ($63.4100 - $65.2500) on Fri. Dec. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 60 |
Latest Price | $63.7800(-1.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 1.5% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(72%) IDRV(72%) IWM(68%) IWN(68%) IWD(67%) |
Factors Impacting MGA price | MGA will decline at least -1.15% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-14%) TLT(-7%) EDOC(-7%) |
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 | -1.15% (StdDev 2.3%) |
Hourly BBV | 0 () |
Intraday Trend | -1.9% |
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