| MP latest price $31.8700 (-3.95%) ($30.4600 - $33.4300) on Fri. Jan. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.27% (three month average) |
RSI | 42 |
Latest Price | $31.8700(-3.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.5% a day on average for past five trading days. |
Weekly Trend | MP advances 0.3% 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) IWM(59%) IWO(59%) REMX(59%) IDRV(58%) IWC(58%) |
Factors Impacting MP price | MP will decline at least -3.135% in a week (0% probabilities). VIXM(-29%) UUP(-19%) VXX(-12%) TLT(-9%) SHY(0%) |
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 | -3.135% (StdDev 6.27%) |
Hourly BBV | 0 () |
Intraday Trend | -4.5% |
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