| MGA latest price $52.7300 (0.44%) ($52.4600 - $53.1300) on Fri. May. 19, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 54 |
Latest Price | $52.7300(0.44%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.1% a day on average for past five trading days. |
Weekly Trend | MGA advances 0.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) PAVE(70%) IWM(69%) XLI(69%) IWD(68%) IWN(68%) |
Factors Impacting MGA price | MGA will decline at least -0.93% in a week (0% probabilities). VXX(-46%) VIXM(-46%) UUP(-20%) SHY(-12%) TBT(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.93% (StdDev 1.86%) |
Hourly BBV | 1.1 () |
Intraday Trend | -0.3% |
| |
|
|