MAGA Stock Summary and Trading Ideas (Point Bridge Gop Stock Tracker ETF | BATS:MAGA)

The Point Bridge GOP Stock Tracker ETF (the Fund ) seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index (the Index ). The Index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees ( PACs ) are highly supportive of Republican candidates for election to the United States Congress, the Vice Presidency, or the Presidency and related Republican Party committees (e.g., Republican National Committee, National Republican Senatorial Committee) and Republican leadership PACs ( non candidate connected committees ). The Index is composed of the common stock of public operating companies and real estate investment trusts ( REITs ). The Index is equally weighted.

Point Bridge Gop Stock Tracker ETF trades on the BATS stock market under the symbol MAGA.

As of April 24, 2024, MAGA stock price declined to $44.66 with 500 million shares trading.

MAGA has a market cap of $21.21 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MAGA stock traded as high as $46.33 and as low as $34.29.

MAGA stock has underperformed the market in the last year with a return of +19.3%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MAGA shares. However, MAGA has outperformed the market in the last 3 month and 2 week periods, returning +7.9% and -2.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates MAGA has been having a stronger performance recently.

MAGA support price is $44.31 and resistance is $45.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAGA stock will trade within this expected range on the day.