| MGA latest price $85.4500 (-0.57%) ($84.1700 - $85.6900) on Mon. Aug. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.8% (three month average) |
RSI | 69 |
Latest Price | $85.4500(-0.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.3% a day on average for past five trading days. |
Weekly Trend | MGA advances 2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(76%) DRIV(75%) IWN(71%) IWM(70%) PEJ(70%) |
Factors Impacting MGA price | MGA will decline at least -0.9% 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 | -0.9% (StdDev 1.8%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0.4% |
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