| MP latest price $29.7900 (3.08%) ($29.0400 - $30.0200) on Tue. Jul. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.23% (three month average) |
RSI | 28 |
Latest Price | $29.7900(3.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP declines -6% 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(70%) IWM(67%) IWO(67%) IWN(66%) IDRV(65%) |
Factors Impacting MP price | MP will decline at least -2.115% in a week (0% probabilities). VIXM(-17%) UUP(-17%) VXX(-5%) TLT(-2%) EDOC(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 | -2.115% (StdDev 4.23%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.6% |
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