| MP latest price $26.4300 (5.13%) ($24.4800 - $27.4165) on Fri. Dec. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.93% (three month average) |
RSI | 81 |
Latest Price | $26.4300(5.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.7% a day on average for past five trading days. |
Weekly Trend | MP advances 14.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWO(58%) IWM(57%) IWC(56%) REMX(56%) IDRV(55%) |
Factors Impacting MP price | MP will decline at least -2.465% in a week (0% probabilities). VIXM(-28%) UUP(-18%) VXX(-12%) TLT(-8%) IGOV(-6%) |
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 | -2.465% (StdDev 4.93%) |
Hourly BBV | 0 () |
Intraday Trend | 7.9% |
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