| MGA latest price $58.9500 (0.22%) ($58.8200 - $59.5650) on Fri. Sep. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.64% (three month average) |
RSI | 57 |
Latest Price | $58.9500(0.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.8% a day on average for past five trading days. |
Weekly Trend | MGA advances 2.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) SPY(90%) IVE(80%) IWO(80%) QQQ(79%) ARKK(78%) |
Factors Impacting MGA price | MGA will decline at least -0.82% in a week (0% probabilities). VXX(-66%) VIXM(-66%) 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 | -0.82% (StdDev 1.64%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0.3% |
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