| MP latest price $29.6300 (-3.85%) ($29.5500 - $30.5900) on Fri. Oct. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.47% (three month average) |
RSI | 39 |
Latest Price | $29.6300(-3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.6% a day on average for past five trading days. |
Weekly Trend | MP declines -0.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based 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 -1.735% in a week (0% probabilities). VIXM(-13%) UUP(-13%) VXX(-5%) TLT(-2%) TBT(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 | -1.735% (StdDev 3.47%) |
Hourly BBV | -1.7 () |
Intraday Trend | -2% |
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