| RMG latest price $10.3600 (0.39%) ($10.3200 - $10.3900) on Fri. Sep. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.65% (three month average) |
RSI | 54 |
Latest Price | $10.3600(0.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.4% a day on average for past five trading days. |
Weekly Trend | RMG advances 0.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) LQD(26%) KWEB(23%) MCHI(23%) FXI(21%) ACES(18%) |
Factors Impacting RMG price | RMG will decline at least -0.325% in a week (0% probabilities). SMH(-29%) UUP(-27%) TBT(-27%) XLK(-19%) IVW(-17%) |
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 | -0.325% (StdDev 0.65%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
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