| MP latest price $37.5600 (-0.37%) ($37.1500 - $38.8300) on Fri. Jul. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.17% (three month average) |
RSI | 64 |
Latest Price | $37.5600(-0.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.6% a day on average for past five trading days. |
Weekly Trend | MP advances 6.9% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(64%) REMX(64%) IDRV(63%) IWO(63%) DRIV(61%) |
Factors Impacting MP price | MP will decline at least -2.085% 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 | -2.085% (StdDev 4.17%) |
Hourly BBV | 0.3 () |
Intraday Trend | -0.2% |
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