| MP latest price $22.2500 (-2.28%) ($21.5950 - $22.5200) on Tue. Jun. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.78% (three month average) |
RSI | 55 |
Latest Price | $22.2500(-2.28%) |
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 2.8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(70%) XRT(67%) IWM(66%) TAN(66%) ICLN(65%) |
Factors Impacting MP price | MP will decline at least -1.39% in a week (0% probabilities). VXX(-25%) UUP(-23%) VIXM(-21%) TBT(-21%) IGOV(-8%) |
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 | -1.39% (StdDev 2.78%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0.6% |
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