| MGA latest price $70.6300 (-2.38%) ($70.0000 - $73.1980) on Thu. Dec. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.47% (three month average) |
RSI | 68 |
Latest Price | $70.6300(-2.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(73%) IDRV(72%) IWN(69%) IWM(68%) IWD(67%) |
Factors Impacting MGA price | MGA will decline at least -1.235% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-14%) EDOC(-8%) TLT(-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 | -1.235% (StdDev 2.47%) |
Hourly BBV | 0 () |
Intraday Trend | -3.1% |
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