(Magnite Inc. )
| MGNI latest price $30.0700 (-3.56%) ($30.0700 - $30.0700) on Tue. Dec. 29, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.8% (three month average) |
RSI | 79 |
Latest Price | $30.0700(-3.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 2.7% a day on average for past five trading days. |
Weekly Trend | MGNI advances 28.9% a week on average for past two weeks. |
Market Behavior | Normal 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(68%) IBUY(68%) IWO(68%) ONLN(67%) IPO(65%) |
Factors Impacting MGNI price | MGNI will decline at least -2.9% in a week (0% probabilities). VIXM(-39%) VXX(-37%) UUP(-25%) TLT(-5%) UNG(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.9% (StdDev 5.8%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
| |
|
|