| RMG latest price $10.1400 (0.3%) ($10.1000 - $10.2500) on Mon. Nov. 9, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.8% (three month average) |
RSI | 34 |
Latest Price | $10.1400(0.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 0.1% a day on average for past five trading days. |
Weekly Trend | RMG declines -0.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) KWEB(64%) ACES(37%) IBUY(37%) JNK(37%) ONLN(37%) |
Factors Impacting RMG price | RMG will decline at least -0.9% in a week (0% probabilities). XLY(-59%) XLE(-57%) XLV(-56%) SPLV(-55%) XLI(-42%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.9% (StdDev 1.8%) |
Hourly BBV | 0 () |
Intraday Trend | -1.1% |
| |
|
|