| MP latest price $33.7500 (2.49%) ($32.2600 - $33.7500) on Fri. Dec. 2, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.96% (three month average) |
RSI | 44 |
Latest Price | $33.7500(2.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.3% a day on average for past five trading days. |
Weekly Trend | MP declines -2.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(66%) IWM(65%) IWO(65%) IWN(64%) LIT(64%) |
Factors Impacting MP price | MP will decline at least -1.98% in a week (0% probabilities). VCSH(-9%) VIXM(-8%) TLT(-8%) VCIT(-5%) XLV(-4%) |
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 | -1.98% (StdDev 3.96%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.8% |
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