| MP latest price $50.4000 (5.77%) ($47.9100 - $51.1100) on Tue. Jan. 4, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.38% (three month average) |
RSI | 76 |
Latest Price | $50.4000(5.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.4% a day on average for past five trading days. |
Weekly Trend | MP advances 5.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value 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 -2.19% 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 | -2.19% (StdDev 4.38%) |
Hourly BBV | 1.4 () |
Intraday Trend | 5% |
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