| MGA latest price $62.7400 (6.18%) ($59.1200 - $63.0200) on Fri. Nov. 11, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.67% (three month average) |
RSI | 80 |
Latest Price | $62.7400(6.18%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 2.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 3.3% a week on average for past two weeks. |
Market Behavior | Growth stock 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(66%) DRIV(65%) IBUY(63%) IWM(62%) IWO(62%) |
Factors Impacting MGA price | MGA will decline at least -1.335% in a week (0% probabilities). UUP(-13%) SHY(-9%) TBT(-6%) VXX(-3%) XLV(-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 | -1.335% (StdDev 2.67%) |
Hourly BBV | 1.6 () |
Intraday Trend | 5.8% |
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