| MP latest price $47.6500 (4.91%) ($45.8900 - $48.2000) on Mon. Jan. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.37% (three month average) |
RSI | 63 |
Latest Price | $47.6500(4.91%) |
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 3.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(69%) IWM(67%) IWO(66%) IDRV(65%) IWN(65%) |
Factors Impacting MP price | MP will decline at least -2.185% in a week (0% probabilities). VIXM(-32%) UUP(-17%) VXX(-10%) 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 | -2.185% (StdDev 4.37%) |
Hourly BBV | 1.4 () |
Intraday Trend | 4.3% |
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