| MP latest price $30.9200 (0.65%) ($29.5900 - $31.1200) on Wed. Oct. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.59% (three month average) |
RSI | 44 |
Latest Price | $30.9200(0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.5% a day on average for past five trading days. |
Weekly Trend | MP declines -4.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off 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 -1.795% 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 | -1.795% (StdDev 3.59%) |
Hourly BBV | 1.3 () |
Intraday Trend | 3.4% |
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