| MGA latest price $71.9500 (0.1%) ($71.4700 - $73.2000) on Wed. Dec. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 72 |
Latest Price | $71.9500(0.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.6% a day on average for past five trading days. |
Weekly Trend | MGA advances 7.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.265% (StdDev 2.53%) |
Hourly BBV | 0 () |
Intraday Trend | -0.5% |
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