(Magnite Inc. )
| MGNI latest price $12.0600 (10.24%) ($11.0200 - $12.0800) on Wed. Nov. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.58% (three month average) |
RSI | 65 |
Latest Price | $12.0600(10.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 3.8% a day on average for past five trading days. |
Weekly Trend | MGNI advances 6.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(66%) IBUY(66%) IWO(65%) ONLN(65%) IPO(63%) |
Factors Impacting MGNI price | MGNI will decline at least -2.29% in a week (0% probabilities). VXX(-36%) VIXM(-36%) UUP(-25%) EDOC(-8%) TLT(-5%) |
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 | -2.29% (StdDev 4.58%) |
Hourly BBV | 0 () |
Intraday Trend | 7.5% |
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