| MP latest price $21.8100 (2.35%) ($21.2500 - $21.8400) on Mon. May. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.38% (three month average) |
RSI | 46 |
Latest Price | $21.8100(2.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.3% a day on average for past five trading days. |
Weekly Trend | MP advances 0.8% a week on average for past two weeks. |
Market Behavior | Value stock 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(69%) XRT(66%) IWM(65%) IWN(65%) XME(64%) |
Factors Impacting MP price | MP will decline at least -1.69% in a week (0% probabilities). VXX(-26%) VIXM(-24%) UUP(-19%) TBT(-16%) IGOV(-11%) |
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 | -1.69% (StdDev 3.38%) |
Hourly BBV | 0.8 () |
Intraday Trend | 1.2% |
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