| MP latest price $31.5800 (8.67%) ($31.1100 - $33.8700) on Fri. Nov. 4, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.76% (three month average) |
RSI | 65 |
Latest Price | $31.5800(8.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.9% a day on average for past five trading days. |
Weekly Trend | MP advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(68%) IWM(66%) LIT(66%) IDRV(65%) IWO(65%) |
Factors Impacting MP price | MP will decline at least -1.88% in a week (0% probabilities). VIXM(-9%) UUP(-8%) TLT(-5%) VXX(-4%) VCSH(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.88% (StdDev 3.76%) |
Hourly BBV | 0.9 () |
Intraday Trend | -1.1% |
| |
|
|