| MGA latest price $101.9200 (1.05%) ($100.2800 - $102.8980) on Thu. Jun. 3, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.91% (three month average) |
RSI | 72 |
Latest Price | $101.9200(1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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(75%) IWM(70%) IWN(70%) IWD(69%) |
Factors Impacting MGA price | MGA will decline at least -0.955% in a week (0% probabilities). VIXM(-38%) UUP(-31%) VXX(-12%) TLT(-6%) SHY(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.955% (StdDev 1.91%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.9% |
| |
|
|