| MP latest price $24.3000 (-1.02%) ($23.6300 - $25.0800) on Thu. Jul. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.79% (three month average) |
RSI | 61 |
Latest Price | $24.3000(-1.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.6% a day on average for past five trading days. |
Weekly Trend | MP advances 2.5% 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(70%) XRT(67%) ACES(66%) IWM(66%) IWN(66%) |
Factors Impacting MP price | MP will decline at least -1.395% in a week (0% probabilities). VXX(-26%) UUP(-22%) TBT(-22%) VIXM(-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 | -1.395% (StdDev 2.79%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.9% |
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