| MP latest price $32.6000 (-0.24%) ($29.8540 - $33.3300) on Mon. Jan. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.48% (three month average) |
RSI | 65 |
Latest Price | $32.6000(-0.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP advances 6.8% 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) IWM(60%) IWO(60%) REMX(60%) IWC(59%) IDRV(58%) |
Factors Impacting MP price | MP will decline at least -3.24% in a week (0% probabilities). VIXM(-29%) UUP(-18%) 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 | -3.24% (StdDev 6.48%) |
Hourly BBV | -0.9 () |
Intraday Trend | -0.1% |
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