(Magnite Inc. )
| MGNI latest price $30.5750 (-2.78%) ($30.5750 - $30.5750) on Tue. Sep. 7, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.89% (three month average) |
RSI | 67 |
Latest Price | $30.5750(-2.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.4% a day on average for past five trading days. |
Weekly Trend | MGNI advances 9.2% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off 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 -1.945% in a week (0% probabilities). VIXM(-52%) VXX(-40%) UUP(-22%) TLT(-6%) IGOV(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.945% (StdDev 3.89%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
| |
|
|