| MP latest price $43.8400 (0.8%) ($41.4450 - $44.0300) on Tue. Nov. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.35% (three month average) |
RSI | 73 |
Latest Price | $43.8400(0.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.6% a day on average for past five trading days. |
Weekly Trend | MP advances 12.6% a week on average for past two weeks. |
Market Behavior | Growth stock 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(68%) IWM(65%) IDRV(64%) IWO(64%) IWN(63%) |
Factors Impacting MP price | MP will decline at least -2.175% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-11%) TLT(-6%) SHY(1%) |
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 | -2.175% (StdDev 4.35%) |
Hourly BBV | -0.2 () |
Intraday Trend | 2% |
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