| MGA latest price $84.4000 (2.3%) ($82.2700 - $84.4700) on Thu. Aug. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.92% (three month average) |
RSI | 49 |
Latest Price | $84.4000(2.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.2% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(76%) DRIV(75%) IWM(71%) IWN(71%) PEJ(70%) |
Factors Impacting MGA price | MGA will decline at least -0.96% in a week (0% probabilities). VIXM(-37%) UUP(-31%) VXX(-11%) TLT(-4%) 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 | -0.96% (StdDev 1.92%) |
Hourly BBV | 0.5 () |
Intraday Trend | 1.9% |
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