| MGA latest price $63.1200 (-1.16%) ($62.3500 - $63.6000) on Thu. Jan. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 77 |
Latest Price | $63.1200(-1.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.3% 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 | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IDRV(64%) DRIV(61%) IBUY(58%) IWM(58%) IWO(58%) |
Factors Impacting MGA price | MGA will decline at least -1.045% in a week (0% probabilities). VIXM(-46%) SHY(-20%) UUP(-19%) VXX(-13%) GLD(-9%) |
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 | -1.045% (StdDev 2.09%) |
Hourly BBV | -1 () |
Intraday Trend | -0.2% |
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