MGK's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for MGK turned positive on November 02, 2023. Looking at past instances where MGK's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on MGK as a result. In of 63 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
MGK moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MGK crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGK advanced for three days, in of 390 cases, the price rose further within the following month. The odds of a continued upward trend are .
MGK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 481 cases where MGK 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeGrowth
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| AMAX | 7.37 | 0.03 | +0.37% |
| RH Hedged Multi-Asset Income ETF | |||
| HIO | 3.75 | N/A | N/A |
| Western Asset High Income Opportunity Fund | |||
| IBTD | 24.81 | N/A | N/A |
| iShares iBonds Dec 2023 Term Tr ETF | |||
| JUNZ | 26.76 | -0.03 | -0.11% |
| TrueShares Structured Outcome June ETF | |||
| GJAN | 33.37 | -0.37 | -1.10% |
| FT Cboe Vest U.S. Eq Mod Buffr ETF - Jan | |||
MGK and
Correlation & Price change
A.I.dvisor indicates that over the last year, MGK has been closely correlated with VUG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if MGK jumps, then VUG could also see price increases.
| Ticker / NAME | Correlation To MGK | 1D Price Change % | ||
|---|---|---|---|---|
| MGK | 100% | -0.03% | ||
| VUG - MGK | 100% Closely correlated | -0.07% | ||
| SCHG - MGK | 100% Closely correlated | -0.09% | ||
| SPYG - MGK | 100% Closely correlated | -0.13% | ||
| IWF - MGK | 99% Closely correlated | -0.12% | ||
| QQQ - MGK | 99% Closely correlated | -0.09% | ||
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