| MGA latest price $75.3400 (3.46%) ($73.5000 - $76.5000) on Wed. Jan. 6, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 74 |
Latest Price | $75.3400(3.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(73%) IDRV(73%) IWN(69%) IWM(68%) PAVE(68%) |
Factors Impacting MGA price | MGA will decline at least -1.3% 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 | -1.3% (StdDev 2.6%) |
Hourly BBV | 0 () |
Intraday Trend | 1.8% |
| |
|
|