(Magnite Inc. )
| MGNI latest price $30.8050 (-0.87%) ($30.8050 - $30.8050) on Wed. Jun. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.27% (three month average) |
RSI | 69 |
Latest Price | $30.8050(-0.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 0.8% a day on average for past five trading days. |
Weekly Trend | MGNI advances 8.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(74%) IBUY(74%) IPO(72%) IWO(71%) ONLN(71%) |
Factors Impacting MGNI price | MGNI will decline at least -3.135% in a week (0% probabilities). VIXM(-50%) VXX(-39%) UUP(-20%) TLT(-9%) SHY(-4%) |
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 | -3.135% (StdDev 6.27%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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