| MP latest price $13.6600 (2.78%) ($13.4900 - $13.9500) on Thu. Nov. 12, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.23% (three month average) |
RSI | 49 |
Latest Price | $13.6600(2.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.9% a day on average for past five trading days. |
Weekly Trend | MP advances 2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWO(57%) IWC(56%) IWM(56%) REMX(55%) DRIV(54%) |
Factors Impacting MP price | MP will decline at least -1.615% in a week (0% probabilities). VIXM(-26%) UUP(-17%) VXX(-12%) TLT(-8%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.615% (StdDev 3.23%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
| |
|
|