| MP latest price $15.3400 (5.07%) ($14.6900 - $16.0500) on Tue. Sep. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.08% (three month average) |
RSI | 80 |
Latest Price | $15.3400(5.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.3% a day on average for past five trading days. |
Weekly Trend | MP advances 6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWC(56%) IWM(56%) IWO(56%) REMX(55%) IDRV(54%) |
Factors Impacting MP price | MP will decline at least -2.04% in a week (0% probabilities). VIXM(-27%) UUP(-18%) VXX(-12%) TLT(-8%) IGOV(-7%) |
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 | -2.04% (StdDev 4.08%) |
Hourly BBV | 0 () |
Intraday Trend | 2.3% |
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