| MGA latest price $58.8200 (0.41%) ($58.5000 - $59.1700) on Thu. Aug. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.65% (three month average) |
RSI | 57 |
Latest Price | $58.8200(0.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.9% a day on average for past five trading days. |
Weekly Trend | MGA advances 1.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IVE(83%) IWO(81%) IWM(80%) DIA(79%) SPY(79%) |
Factors Impacting MGA price | MGA will decline at least -0.825% in a week (0% probabilities). VIXM(-66%) VXX(-63%) UUP(-35%) 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 | -0.825% (StdDev 1.65%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0.1% |
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