| MP latest price $45.0500 (6.38%) ($44.2700 - $46.8400) on Fri. Feb. 19, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.81% (three month average) |
RSI | 82 |
Latest Price | $45.0500(6.38%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 4.3% a day on average for past five trading days. |
Weekly Trend | MP advances 14% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(61%) IWC(60%) IWO(60%) REMX(60%) IDRV(58%) |
Factors Impacting MP price | MP will decline at least -3.405% in a week (0% probabilities). VIXM(-29%) UUP(-18%) VXX(-12%) TLT(-10%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.405% (StdDev 6.81%) |
Hourly BBV | 1 () |
Intraday Trend | -2.2% |
| |
|
|