(Magnite Inc. )
| MGNI latest price $40.2400 (-0.42%) ($40.2400 - $40.2400) on Tue. Apr. 6, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.71% (three month average) |
RSI | 45 |
Latest Price | $40.2400(-0.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 0.5% a day on average for past five trading days. |
Weekly Trend | MGNI declines -8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(73%) IBUY(73%) IPO(71%) IWO(70%) ONLN(70%) |
Factors Impacting MGNI price | MGNI will decline at least -3.855% in a week (0% probabilities). VIXM(-46%) VXX(-38%) UUP(-21%) TLT(-7%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.855% (StdDev 7.71%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0% |
| |
|
|