(Magnite Inc. )
| MGNI latest price $30.1300 (4.13%) ($30.1300 - $30.1300) on Wed. Sep. 1, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 45 |
Latest Price | $30.1300(4.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.6% a day on average for past five trading days. |
Weekly Trend | MGNI advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(78%) IBUY(77%) IPO(77%) ONLN(75%) ARKG(72%) |
Factors Impacting MGNI price | MGNI will decline at least -2.1% in a week (0% probabilities). VIXM(-51%) VXX(-39%) UUP(-23%) TLT(-5%) IGOV(-5%) |
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 | -2.1% (StdDev 4.2%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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