| MGA latest price $75.8500 (1.68%) ($74.1100 - $76.3200) on Fri. Jan. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.52% (three month average) |
RSI | 72 |
Latest Price | $75.8500(1.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.4% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(73%) IDRV(73%) IWM(69%) IWN(69%) IWD(68%) |
Factors Impacting MGA price | MGA will decline at least -1.26% 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 | -1.26% (StdDev 2.52%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
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