(Magnite Inc. )
| MGNI latest price $32.8500 (-2.78%) ($32.8500 - $32.8500) on Mon. Aug. 9, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.04% (three month average) |
RSI | 60 |
Latest Price | $32.8500(-2.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.9% a day on average for past five trading days. |
Weekly Trend | MGNI advances 0.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(76%) IBUY(76%) IPO(75%) ONLN(74%) IWO(72%) |
Factors Impacting MGNI price | MGNI will decline at least -2.52% in a week (0% probabilities). VIXM(-51%) VXX(-40%) UUP(-21%) TLT(-8%) IGOV(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.52% (StdDev 5.04%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0% |
| |
|
|