| MGA latest price $59.4600 (3.41%) ($57.9300 - $59.4800) on Wed. Jan. 4, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 46 |
Latest Price | $59.4600(3.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.9% a week on average for past two weeks. |
Market Behavior | Value 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(64%) DRIV(62%) IBUY(60%) IWM(59%) IWO(59%) |
Factors Impacting MGA price | MGA will decline at least -1.1% in a week (0% probabilities). SHY(-17%) XLP(-14%) XLV(-13%) XLF(-7%) XLB(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.1% (StdDev 2.2%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.7% |
| |
|
|