(Magnite Inc. )
| MGNI latest price $49.2700 (-0.47%) ($49.2700 - $49.2700) on Fri. Mar. 12, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.93% (three month average) |
RSI | 42 |
Latest Price | $49.2700(-0.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 4.7% a day on average for past five trading days. |
Weekly Trend | MGNI declines -8.1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(74%) IBUY(73%) IPO(72%) IWO(71%) ONLN(71%) |
Factors Impacting MGNI price | MGNI will decline at least -3.965% in a week (0% probabilities). VIXM(-45%) VXX(-39%) UUP(-24%) TLT(-6%) SHY(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.965% (StdDev 7.93%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0% |
| |
|
|