(Magnite Inc. )
| MGNI latest price $41.1000 (2.34%) ($41.1000 - $41.1000) on Wed. Feb. 3, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.53% (three month average) |
RSI | 78 |
Latest Price | $41.1000(2.34%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 2.2% a day on average for past five trading days. |
Weekly Trend | MGNI advances 8.9% a week on average for past two weeks. |
Market Behavior | Value stock 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(71%) IBUY(70%) IWO(70%) ONLN(69%) IPO(68%) |
Factors Impacting MGNI price | MGNI will decline at least -3.265% in a week (0% probabilities). VIXM(-42%) VXX(-39%) UUP(-24%) TLT(-6%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.265% (StdDev 6.53%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0% |
| |
|
|