| MP latest price $35.7800 (2.93%) ($34.5100 - $36.6000) on Mon. Jun. 28, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.24% (three month average) |
RSI | 48 |
Latest Price | $35.7800(2.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.5% a day on average for past five trading days. |
Weekly Trend | MP advances 1.6% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(64%) REMX(64%) IDRV(63%) IWO(63%) DRIV(61%) |
Factors Impacting MP price | MP will decline at least -2.12% in a week (0% probabilities). VIXM(-33%) UUP(-18%) VXX(-12%) TLT(-9%) IGOV(-7%) |
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 | -2.12% (StdDev 4.24%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.8% |
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