| MP latest price $32.6900 (-1.24%) ($31.9500 - $33.1900) on Tue. Feb. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.86% (three month average) |
RSI | 67 |
Latest Price | $32.6900(-1.24%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.1% a day on average for past five trading days. |
Weekly Trend | MP advances 6.1% 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%) XME(63%) IWM(62%) IWN(61%) IWO(61%) |
Factors Impacting MP price | MP will decline at least -1.93% in a week (0% probabilities). VIXM(-28%) UUP(-19%) VXX(-15%) TBT(-8%) VCSH(-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 | -1.93% (StdDev 3.86%) |
Hourly BBV | -0.9 () |
Intraday Trend | -0.5% |
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