| MGA latest price $53.2900 (1.23%) ($51.9300 - $53.3250) on Thu. May. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.87% (three month average) |
RSI | 54 |
Latest Price | $53.2900(1.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGA advances 1.3% 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) PAVE(70%) IWD(69%) IWM(69%) IWN(68%) XLI(68%) |
Factors Impacting MGA price | MGA will decline at least -0.935% in a week (0% probabilities). VXX(-51%) VIXM(-47%) UUP(-20%) SMH(-20%) SHY(-19%) |
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 | -0.935% (StdDev 1.87%) |
Hourly BBV | 0.4 () |
Intraday Trend | 1.8% |
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