| MP latest price $40.3600 (1.05%) ($39.1770 - $41.6500) on Tue. Feb. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 32 |
Latest Price | $40.3600(1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.6% a day on average for past five trading days. |
Weekly Trend | MP declines -9.3% 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(68%) 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(-30%) UUP(-18%) VXX(-9%) TLT(-5%) 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 | 0.9 () |
Intraday Trend | -1.1% |
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