| MGA latest price $50.8250 (-0.07%) ($49.9800 - $51.0300) on Thu. Oct. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 39 |
Latest Price | $50.8250(-0.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1% a day on average for past five trading days. |
Weekly Trend | MGA declines -3.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(69%) DRIV(68%) IWM(66%) IWN(65%) IWO(65%) |
Factors Impacting MGA price | MGA will decline at least -1.365% in a week (0% probabilities). UUP(-19%) TBT(-9%) SHY(-6%) VXX(-4%) VIXM(-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 | -1.365% (StdDev 2.73%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.1% |
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