(Magnite Inc. )
| MGNI latest price $43.5100 (5.86%) ($43.5100 - $43.5100) on Thu. Feb. 4, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.51% (three month average) |
RSI | 75 |
Latest Price | $43.5100(5.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 4.5% a day on average for past five trading days. |
Weekly Trend | MGNI advances 9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(71%) IBUY(71%) IWO(70%) IPO(69%) ONLN(69%) |
Factors Impacting MGNI price | MGNI will decline at least -3.255% in a week (0% probabilities). VIXM(-41%) VXX(-39%) UUP(-24%) TLT(-6%) SHY(-1%) |
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 | -3.255% (StdDev 6.51%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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