| MGA latest price $54.0900 (0.28%) ($53.5000 - $54.2700) on Tue. Oct. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.55% (three month average) |
RSI | 43 |
Latest Price | $54.0900(0.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGA advances 0.8% a day on average for past five trading days. |
Weekly Trend | MGA declines -0.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGA advance at 0% a week (0% probability) EWP(99%) VYM(99%) IWF(97%) XLV(96%) XBI(95%) |
Factors Impacting MGA price | MGA will decline at least -0.775% in a week (0% probabilities). VIXM(-88%) UUP(-66%) USO(-46%) OIH(2%) UNG(4%) |
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 | -0.775% (StdDev 1.55%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.5% |
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