(Magnite Inc. )
| MGNI latest price $58.7300 (6.94%) ($58.7300 - $58.7300) on Mon. Feb. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.15% (three month average) |
RSI | 82 |
Latest Price | $58.7300(6.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 9% a day on average for past five trading days. |
Weekly Trend | MGNI advances 16.4% 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(72%) IBUY(71%) IWO(71%) IPO(69%) ONLN(69%) |
Factors Impacting MGNI price | MGNI will decline at least -3.575% in a week (0% probabilities). VIXM(-42%) VXX(-40%) 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 | -3.575% (StdDev 7.15%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
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