| MP latest price $28.9200 (5.93%) ($27.3200 - $29.1400) on Mon. Oct. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.53% (three month average) |
RSI | 34 |
Latest Price | $28.9200(5.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.7% a day on average for past five trading days. |
Weekly Trend | MP declines -6.6% 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(68%) IDRV(67%) IWO(67%) LIT(67%) |
Factors Impacting MP price | MP will decline at least -1.765% in a week (0% probabilities). VIXM(-13%) UUP(-13%) VXX(-5%) TLT(-2%) TBT(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 | -1.765% (StdDev 3.53%) |
Hourly BBV | 1.6 () |
Intraday Trend | 4.1% |
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