| MGA latest price $84.5400 (1.9%) ($78.8500 - $84.7800) on Wed. Oct. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.96% (three month average) |
RSI | 77 |
Latest Price | $84.5400(1.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.1% a day on average for past five trading days. |
Weekly Trend | MGA advances 4.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock 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 -0.98% in a week (0% probabilities). VIXM(-37%) UUP(-30%) VXX(-11%) TLT(-3%) 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 | -0.98% (StdDev 1.96%) |
Hourly BBV | 1.4 () |
Intraday Trend | 7% |
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