| MGA latest price $85.0800 (-4.03%) ($83.0200 - $87.9900) on Thu. Mar. 4, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.87% (three month average) |
RSI | 64 |
Latest Price | $85.0800(-4.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.6% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(75%) IDRV(74%) IWM(70%) IWN(70%) IWD(68%) |
Factors Impacting MGA price | MGA will decline at least -1.435% in a week (0% probabilities). VIXM(-39%) UUP(-31%) VXX(-14%) TLT(-5%) IGOV(-3%) |
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 | -1.435% (StdDev 2.87%) |
Hourly BBV | -1.3 () |
Intraday Trend | -2.9% |
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