| MP latest price $35.6000 (3.76%) ($33.9600 - $35.6500) on Fri. Jul. 23, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.92% (three month average) |
RSI | 41 |
Latest Price | $35.6000(3.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.5% a day on average for past five trading days. |
Weekly Trend | MP declines -3.8% 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) REMX(65%) IWM(64%) IDRV(63%) IWO(63%) DRIV(62%) |
Factors Impacting MP price | MP will decline at least -1.96% 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 | -1.96% (StdDev 3.92%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.9% |
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