| RMG latest price $27.0000 (-15.47%) ($25.5000 - $31.1300) on Tue. Dec. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.85% (three month average) |
RSI | 70 |
Latest Price | $27.0000(-15.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | RMG advances 2.2% a day on average for past five trading days. |
Weekly Trend | RMG advances 24.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support RMG advance at 0% a week (0% probability) UNG(-27%) SLV(-1%) EWJ(-61%) EWG(2%) GDXJ(11%) |
Factors Impacting RMG price | RMG will decline at least -3.425% in a week (0% probabilities). IWC(60%) IWO(75%) JETS(-36%) LIT(26%) GDXJ(11%) |
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 | -3.425% (StdDev 6.85%) |
Hourly BBV | 0 () |
Intraday Trend | -12.6% |
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