| MP latest price $32.4700 (-2.7%) ($32.0700 - $32.9500) on Thu. Nov. 17, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.93% (three month average) |
RSI | 58 |
Latest Price | $32.4700(-2.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.1% a day on average for past five trading days. |
Weekly Trend | MP advances 7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(67%) REMX(67%) IWO(66%) IDRV(65%) IWN(65%) |
Factors Impacting MP price | MP will decline at least -1.965% in a week (0% probabilities). VIXM(-9%) UUP(-5%) TLT(-5%) VXX(-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 | -1.965% (StdDev 3.93%) |
Hourly BBV | -1.3 () |
Intraday Trend | 0.6% |
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