| MGA latest price $58.5800 (0.5%) ($58.3600 - $59.0500) on Wed. Aug. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 45 |
Latest Price | $58.5800(0.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.7% a day on average for past five trading days. |
Weekly Trend | MGA advances 0.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) SMH(96%) IVW(94%) SPY(86%) IWO(80%) IVE(79%) |
Factors Impacting MGA price | MGA will decline at least -0.885% in a week (0% probabilities). VIXM(-65%) VXX(-64%) UUP(-33%) TBT(-26%) USO(-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 | -0.885% (StdDev 1.77%) |
Hourly BBV | 1 () |
Intraday Trend | 0.5% |
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