(Magnite Inc. )
| MGNI latest price $37.0250 (-7.3%) ($37.0250 - $37.0250) on Mon. Jan. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.56% (three month average) |
RSI | 69 |
Latest Price | $37.0250(-7.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 4% a day on average for past five trading days. |
Weekly Trend | MGNI advances 18.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(71%) IBUY(70%) IWO(70%) ONLN(69%) IPO(68%) |
Factors Impacting MGNI price | MGNI will decline at least -3.28% in a week (0% probabilities). VIXM(-41%) VXX(-39%) UUP(-24%) TLT(-5%) IGOV(-2%) |
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 | -3.28% (StdDev 6.56%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0% |
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