| RMG latest price $10.7000 (-0.83%) ($10.6300 - $10.8500) on Mon. Sep. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.92% (three month average) |
RSI | 71 |
Latest Price | $10.7000(-0.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.8% a day on average for past five trading days. |
Weekly Trend | RMG advances 2.1% 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) BWX(77%) CEMB(50%) IPO(23%) LQD(41%) MCHI(29%) |
Factors Impacting RMG price | RMG will decline at least -0.46% in a week (0% probabilities). TBT(-43%) SMH(-41%) UUP(-32%) XLK(-28%) IVW(-24%) |
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 | -0.46% (StdDev 0.92%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
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