| MP latest price $37.3200 (-0.64%) ($36.4100 - $38.4800) on Tue. Jul. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 73 |
Latest Price | $37.3200(-0.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.8% a day on average for past five trading days. |
Weekly Trend | MP advances 7.7% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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 -2.1% 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 | -2.1% (StdDev 4.2%) |
Hourly BBV | -2.4 () |
Intraday Trend | -1.6% |
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