| MGA latest price $71.8800 (-2.2%) ($71.2300 - $73.8200) on Tue. Dec. 29, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 72 |
Latest Price | $71.8800(-2.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2.3% a day on average for past five trading days. |
Weekly Trend | MGA advances 7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based 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 -1.265% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-14%) TLT(-6%) SHY(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.265% (StdDev 2.53%) |
Hourly BBV | 0 () |
Intraday Trend | -2.3% |
| |
|
|