| MGA latest price $64.7900 (2.32%) ($63.1200 - $64.9700) on Wed. Aug. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.04% (three month average) |
RSI | 84 |
Latest Price | $64.7900(2.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.8% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.2% 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(72%) DRIV(71%) IWM(68%) IWN(68%) PEJ(68%) |
Factors Impacting MGA price | MGA will decline at least -1.52% in a week (0% probabilities). UUP(-27%) VIXM(-13%) TBT(-11%) VXX(-4%) EDOC(-4%) |
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 | -1.52% (StdDev 3.04%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.4% |
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