(Magnite Inc. )
| MGNI latest price $7.6250 (3.46%) ($7.3600 - $7.6300) on Mon. Aug. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.75% (three month average) |
RSI | 74 |
Latest Price | $7.6250(3.46%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 0.3% a day on average for past five trading days. |
Weekly Trend | MGNI advances 5.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(65%) IBUY(65%) IWO(64%) ONLN(64%) IPO(62%) |
Factors Impacting MGNI price | MGNI will decline at least -2.875% in a week (0% probabilities). VXX(-35%) VIXM(-35%) UUP(-24%) TLT(-5%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.875% (StdDev 5.75%) |
Hourly BBV | 0 () |
Intraday Trend | 2.9% |
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