| MP latest price $40.9200 (-9.17%) ($40.2600 - $46.1600) on Mon. Feb. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.93% (three month average) |
RSI | 72 |
Latest Price | $40.9200(-9.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.8% a day on average for past five trading days. |
Weekly Trend | MP advances 14.5% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value 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(59%) |
Factors Impacting MP price | MP will decline at least -3.465% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.465% (StdDev 6.93%) |
Hourly BBV | -1.2 () |
Intraday Trend | -8.5% |
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