| MGA latest price $88.2800 (-0.3%) ($88.2400 - $89.9800) on Tue. Nov. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.91% (three month average) |
RSI | 80 |
Latest Price | $88.2800(-0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1% a day on average for past five trading days. |
Weekly Trend | MGA advances 3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(77%) DRIV(76%) PEJ(72%) IWM(71%) IWN(71%) |
Factors Impacting MGA price | MGA will decline at least -0.955% in a week (0% probabilities). VIXM(-37%) UUP(-31%) VXX(-11%) SHY(-3%) TLT(-2%) |
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 | -0.955% (StdDev 1.91%) |
Hourly BBV | 0.7 () |
Intraday Trend | -1.3% |
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