| MP latest price $45.4500 (4.41%) ($44.8000 - $49.4300) on Thu. Feb. 25, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.76% (three month average) |
RSI | 68 |
Latest Price | $45.4500(4.41%) |
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 10.8% 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(61%) IWC(60%) IWO(60%) REMX(60%) IDRV(59%) |
Factors Impacting MP price | MP will decline at least -3.38% 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 | -3.38% (StdDev 6.76%) |
Hourly BBV | 0.9 () |
Intraday Trend | -4.7% |
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