| MGA latest price $96.5300 (-0.8%) ($96.3350 - $97.7200) on Tue. May. 18, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.44% (three month average) |
RSI | 43 |
Latest Price | $96.5300(-0.8%) |
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 0.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) DRIV(75%) IDRV(75%) IWM(70%) IWN(70%) IWD(69%) |
Factors Impacting MGA price | MGA will decline at least -1.22% in a week (0% probabilities). VIXM(-38%) UUP(-31%) VXX(-13%) TLT(-5%) SHY(-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 | -1.22% (StdDev 2.44%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.7% |
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