| MP latest price $27.0900 (2.42%) ($26.5900 - $28.2300) on Mon. Jan. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.32% (three month average) |
RSI | 43 |
Latest Price | $27.0900(2.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.3% a day on average for past five trading days. |
Weekly Trend | MP declines -3.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(65%) IWM(64%) XME(64%) IWN(63%) LIT(63%) |
Factors Impacting MP price | MP will decline at least -2.16% in a week (0% probabilities). VIXM(-30%) UUP(-21%) VXX(-15%) TBT(-8%) EDOC(-5%) |
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 | -2.16% (StdDev 4.32%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.7% |
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