| MGA latest price $53.6800 (0.26%) ($53.3700 - $54.4900) on Wed. Apr. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.85% (three month average) |
RSI | 66 |
Latest Price | $53.6800(0.26%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.5% a day on average for past five trading days. |
Weekly Trend | MGA advances 1.6% a week on average for past two weeks. |
Market Behavior | Broad based 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) PAVE(69%) IWM(68%) IWO(67%) XLB(67%) IWD(66%) |
Factors Impacting MGA price | MGA will decline at least -1.425% in a week (0% probabilities). VXX(-50%) VIXM(-48%) SHY(-23%) UUP(-18%) SMH(-17%) |
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 | -1.425% (StdDev 2.85%) |
Hourly BBV | 0.5 () |
Intraday Trend | -1.4% |
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