(Magnite Inc. )
| MGNI latest price $18.3400 (8.71%) ($18.3400 - $18.3800) on Fri. Dec. 17, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.57% (three month average) |
RSI | 49 |
Latest Price | $18.3400(8.71%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MGNI advances 1.2% a day on average for past five trading days. |
Weekly Trend | MGNI advances 0.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MGNI advance at 0% a week (0% probability) ARKK(82%) IBUY(82%) IPO(80%) ONLN(79%) IWO(76%) |
Factors Impacting MGNI price | MGNI will decline at least -2.285% in a week (0% probabilities). VIXM(-56%) VXX(-44%) UUP(-20%) UNG(-6%) TLT(-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 | -2.285% (StdDev 4.57%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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