| MP latest price $49.4400 (3.6%) ($48.4400 - $50.5100) on Wed. Jan. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 66 |
Latest Price | $49.4400(3.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.7% a day on average for past five trading days. |
Weekly Trend | MP advances 2.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock sell-off 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 -2.28% in a week (0% probabilities). VIXM(-32%) UUP(-18%) VXX(-10%) TLT(-6%) SHY(2%) |
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 | -2.28% (StdDev 4.56%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.9% |
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