| MP latest price $32.5000 (-3.7%) ($32.3300 - $33.9200) on Mon. Dec. 5, 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 | $32.5000(-3.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.8% a day on average for past five trading days. |
Weekly Trend | MP declines -1.3% 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(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 | -1.6 () |
Intraday Trend | -3.7% |
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