(Magnite Inc. )
| MGNI latest price $54.9200 (26.22%) ($54.9200 - $54.9200) on Fri. Feb. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.16% (three month average) |
RSI | 84 |
Latest Price | $54.9200(26.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 10.1% a day on average for past five trading days. |
Weekly Trend | MGNI advances 12.7% 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 -3.58% 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 | -3.58% (StdDev 7.16%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0% |
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