| MGA latest price $64.6900 (0.9%) ($64.3200 - $65.2900) on Thu. Aug. 11, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.04% (three month average) |
RSI | 61 |
Latest Price | $64.6900(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.9% a day on average for past five trading days. |
Weekly Trend | MGA advances 0.7% 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(72%) DRIV(71%) IWM(68%) IWN(67%) IWO(67%) |
Factors Impacting MGA price | MGA will decline at least -1.52% in a week (0% probabilities). UUP(-26%) VIXM(-12%) TBT(-11%) EDOC(-5%) VXX(-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 | 0.7 () |
Intraday Trend | 0.5% |
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