| MP latest price $33.3700 (-5.63%) ($33.2400 - $35.0300) on Wed. Nov. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.94% (three month average) |
RSI | 57 |
Latest Price | $33.3700(-5.63%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.9% a day on average for past five trading days. |
Weekly Trend | MP advances 6.5% 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(67%) IWM(66%) IWO(66%) IDRV(65%) IWN(65%) |
Factors Impacting MP price | MP will decline at least -1.97% in a week (0% probabilities). VIXM(-9%) UUP(-5%) VXX(-4%) TLT(-4%) VCSH(-3%) |
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 | -1.97% (StdDev 3.94%) |
Hourly BBV | -1.9 () |
Intraday Trend | -3.6% |
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