| MGA latest price $59.7200 (-0.25%) ($58.8400 - $60.5300) on Wed. Dec. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.38% (three month average) |
RSI | 40 |
Latest Price | $59.7200(-0.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.6% a day on average for past five trading days. |
Weekly Trend | MGA declines -1.4% 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(64%) DRIV(62%) IBUY(60%) IWM(60%) IWO(59%) |
Factors Impacting MGA price | MGA will decline at least -1.19% in a week (0% probabilities). SHY(-15%) XLP(-9%) XLV(-8%) TBT(-3%) GLD(-3%) |
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 | -1.19% (StdDev 2.38%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.1% |
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