| MP latest price $12.2000 (2.52%) ($11.9300 - $12.3000) on Thu. Aug. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.62% (three month average) |
RSI | 33 |
Latest Price | $12.2000(2.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.8% a day on average for past five trading days. |
Weekly Trend | MP declines -2.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(56%) IWO(56%) IWC(55%) REMX(55%) IDRV(53%) |
Factors Impacting MP price | MP will decline at least -2.31% in a week (0% probabilities). VIXM(-26%) UUP(-18%) VXX(-12%) TLT(-8%) EDOC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.31% (StdDev 4.62%) |
Hourly BBV | 0 () |
Intraday Trend | 2.1% |
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