| MP latest price $29.7100 (0.61%) ($29.4100 - $30.0200) on Tue. Jan. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.23% (three month average) |
RSI | 75 |
Latest Price | $29.7100(0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.8% a day on average for past five trading days. |
Weekly Trend | MP advances 9.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(65%) IWM(63%) XME(63%) IWN(62%) IWO(62%) |
Factors Impacting MP price | MP will decline at least -2.115% in a week (0% probabilities). VIXM(-29%) UUP(-19%) VXX(-15%) VCSH(-7%) TBT(-7%) |
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 | -2.115% (StdDev 4.23%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.6% |
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