| MP latest price $33.1000 (-2.39%) ($32.6500 - $33.8100) on Mon. Feb. 6, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.87% (three month average) |
RSI | 67 |
Latest Price | $33.1000(-2.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.9% a day on average for past five trading days. |
Weekly Trend | MP advances 6.4% 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(65%) XME(63%) IWM(62%) IWN(61%) IWO(61%) |
Factors Impacting MP price | MP will decline at least -1.935% in a week (0% probabilities). VIXM(-28%) UUP(-19%) VXX(-15%) TBT(-8%) EDOC(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.935% (StdDev 3.87%) |
Hourly BBV | -1.5 () |
Intraday Trend | -0.9% |
| |
|
|