| RMG latest price $10.1000 (0.5%) ($10.0600 - $10.1500) on Wed. Jun. 17, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 0.68% (three month average) |
RSI | 68 |
Latest Price | $10.1000(0.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 50.4% a day on average for past five trading days. |
Weekly Trend | RMG advances 0.3% 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 RMG advance at 0% a week (0% probability) IGOV(27%) BND(22%) BNDX(16%) TIP(12%) VCSH(12%) |
Factors Impacting RMG price | RMG will decline at least -0.34% in a week (0% probabilities). UUP(-14%) TBT(-9%) SPLV(-8%) IPO(-12%) XLV(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.34% (StdDev 0.68%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
| |
|
|