| MGA latest price $54.7700 (0.31%) ($54.4700 - $55.7600) on Thu. Oct. 27, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.52% (three month average) |
RSI | 78 |
Latest Price | $54.7700(0.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 5.8% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(67%) DRIV(65%) IBUY(63%) IWM(63%) IWO(63%) |
Factors Impacting MGA price | MGA will decline at least -1.26% in a week (0% probabilities). UUP(-15%) SHY(-8%) TBT(-7%) VXX(-3%) VIXM(1%) |
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 | -1.26% (StdDev 2.52%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.8% |
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