MGC sees its Stochastic Oscillator ascends from oversold territory
On January 06, 2025, the Stochastic Oscillator for MGC moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 46 instances where the indicator left the oversold zone. In of the 46 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGC advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 440 cases where MGC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MGC as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
MGC moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category LargeBlend
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SDEM | 24.39 | 0.21 | +0.86% |
| Global X MSCI SuperDividend® Em Mkts ETF | |||
| LVHI | 30.94 | 0.17 | +0.55% |
| Franklin Intl Low Volatility Hi Div ETF | |||
| KDRN | 22.80 | 0.02 | +0.09% |
| Kingsbarn Tactical Bond ETF | |||
| UTES | 70.44 | -0.06 | -0.09% |
| Virtus Reaves Utilities ETF | |||
| QIS | 24.31 | -0.07 | -0.29% |
| Simplify Multi-QIS Alternative ETF | |||
MGC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MGC has been closely correlated with SPY. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGC jumps, then SPY could also see price increases.