| MP latest price $24.8300 (-0.56%) ($24.6800 - $26.2700) on Thu. Jan. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.25% (three month average) |
RSI | 25 |
Latest Price | $24.8300(-0.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1% a day on average for past five trading days. |
Weekly Trend | MP declines -8% 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(66%) IWM(64%) IWN(63%) IWO(63%) LIT(63%) |
Factors Impacting MP price | MP will decline at least -2.125% in a week (0% probabilities). XLV(-15%) VCSH(-13%) XLU(-10%) XLP(-9%) VCIT(-9%) |
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 | -2.125% (StdDev 4.25%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.3% |
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