| MGA latest price $72.3500 (9.03%) ($70.7200 - $74.6000) on Wed. Dec. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.44% (three month average) |
RSI | 75 |
Latest Price | $72.3500(9.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2.4% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.6% 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 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 -1.22% 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 | -1.22% (StdDev 2.44%) |
Hourly BBV | 0 () |
Intraday Trend | -2.2% |
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