| MGA latest price $88.6000 (0.91%) ($87.5600 - $90.2200) on Mon. Mar. 8, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.87% (three month average) |
RSI | 66 |
Latest Price | $88.6000(0.91%) |
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 4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(74%) IDRV(74%) IWM(70%) IWN(70%) IVE(68%) |
Factors Impacting MGA price | MGA will decline at least -1.435% in a week (0% probabilities). VIXM(-39%) UUP(-32%) VXX(-13%) TLT(-5%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.435% (StdDev 2.87%) |
Hourly BBV | 1 () |
Intraday Trend | 0.1% |
| |
|
|