| MP latest price $45.9800 (8.75%) ($42.9400 - $46.3300) on Mon. Mar. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.88% (three month average) |
RSI | 62 |
Latest Price | $45.9800(8.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 3.9% a day on average for past five trading days. |
Weekly Trend | MP declines -1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(63%) IWO(63%) REMX(62%) IWC(61%) IDRV(60%) |
Factors Impacting MP price | MP will decline at least -3.44% in a week (0% probabilities). VIXM(-30%) UUP(-18%) VXX(-12%) TLT(-9%) IGOV(-6%) |
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 | -3.44% (StdDev 6.88%) |
Hourly BBV | 1.7 () |
Intraday Trend | 5.5% |
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