← 2026-W16 report

MG — 2026-W16

Frame: 40w/4w Generated: 2026-04-18 23:55 View on TradingView ↗
MG price trend chart 2026-W16
R² (linearity)
0.9380
Frame gain (40w)
+112.2%
Annualised gain
166.0%
Last price
$17.19
Exit A (date)
2026-05-16
Exit B target
+10.3% / $18.95
Stop C level
-10.3% / $15.43
Hold period
4 weeks

Analysis

MG showed a highly consistent uptrend over the past 40 weeks (analysis frame: 40w/4w), scoring an R² of 0.9380. R² measures how closely the price followed a straight logarithmic trend line — a score of 1.0 represents a perfectly linear rally with no deviation. The stock gained 112.2% over the lookback period, equivalent to an annualised return of 166.0%. As of week 2026-W16, MG last traded at $17.19. Momentum modelling projects a strong continuation: the statistical exit target (Exit B, k=0.75σ) is +10.3% ($18.95) by May 16, 2026, with a stop-loss level at -10.3% ($15.43). This analysis was generated by StraightR, a momentum screening tool that ranks US equities by the linearity of their logarithmic price trend across multiple lookback frames (26w, 40w, 52w, 78w).