| MP latest price $30.2100 (5.33%) ($28.6800 - $30.2400) on Fri. Jan. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 84 |
Latest Price | $30.2100(5.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.5% a day on average for past five trading days. |
Weekly Trend | MP advances 9.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally 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 -2.14% 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 | -2.14% (StdDev 4.28%) |
Hourly BBV | 1 () |
Intraday Trend | 4.9% |
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