(Magnite Inc. )
| MGNI latest price $31.9500 (5.06%) ($31.9500 - $31.9500) on Wed. Jul. 28, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.27% (three month average) |
RSI | 44 |
Latest Price | $31.9500(5.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 0.2% a day on average for past five trading days. |
Weekly Trend | MGNI declines -0.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(76%) IBUY(76%) IPO(75%) ONLN(73%) IWO(72%) |
Factors Impacting MGNI price | MGNI will decline at least -2.635% in a week (0% probabilities). VIXM(-51%) VXX(-40%) UUP(-21%) 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 | -2.635% (StdDev 5.27%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
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