| MGA latest price $52.6200 (1.13%) ($51.7510 - $52.7500) on Wed. Oct. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.52% (three month average) |
RSI | 33 |
Latest Price | $52.6200(1.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.1% a day on average for past five trading days. |
Weekly Trend | MGA declines -3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) IWN(99%) VT(99%) JETS(96%) IWD(94%) IPO(92%) |
Factors Impacting MGA price | MGA will decline at least -0.76% in a week (0% probabilities). VIXM(-80%) VXX(-78%) UUP(-53%) USO(-43%) TBT(-29%) |
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 | -0.76% (StdDev 1.52%) |
Hourly BBV | 0.2 () |
Intraday Trend | 1.1% |
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