Momentum Indicator for MGC turns positive, indicating new upward trend
MGC saw its Momentum Indicator move above the 0 level on November 29, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned positive. In of the 74 cases, the stock moved higher in the following days. The odds of a move higher are at .
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 447 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 10-day RSI Indicator for MGC moved out of overbought territory on December 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 similar instances where the indicator moved out of overbought territory. In of the 50 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Moving Average Convergence Divergence Histogram (MACD) for MGC turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 % |
| FTIF | 23.56 | N/A | N/A |
| First Trust Bloomberg Infl Snstv Eq ETF | |||
| SIFI | 44.03 | N/A | N/A |
| Harbor Scientific Alpha Income ETF | |||
| IBTG | 22.81 | N/A | N/A |
| iShares iBonds Dec 2026 Term Tr ETF | |||
| INTL | 23.11 | -0.01 | -0.06% |
| Main International ETF | |||
| DFCA | 50.21 | -0.09 | -0.18% |
| Dimensional California Municipal Bd 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.