| MP latest price $40.7500 (15.57%) ($37.4600 - $41.7360) on Tue. Feb. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.8% (three month average) |
RSI | 68 |
Latest Price | $40.7500(15.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 4.6% a day on average for past five trading days. |
Weekly Trend | MP advances 11.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off 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 -3.4% in a week (0% probabilities). VIXM(-28%) UUP(-19%) VXX(-12%) TLT(-10%) IGOV(-5%) |
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 | -3.4% (StdDev 6.8%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4.5% |
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