| MP latest price $45.3700 (6.6%) ($42.8100 - $46.8000) on Mon. Nov. 29, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.4% (three month average) |
RSI | 58 |
Latest Price | $45.3700(6.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.3% a day on average for past five trading days. |
Weekly Trend | MP advances 0.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(68%) IWM(66%) IDRV(65%) IWO(65%) IWN(64%) |
Factors Impacting MP price | MP will decline at least -2.2% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-11%) TLT(-7%) 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 | -2.2% (StdDev 4.4%) |
Hourly BBV | 1.3 () |
Intraday Trend | 4.5% |
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