| MP latest price $17.6300 (-3.34%) ($17.4400 - $18.3690) on Thu. Oct. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.67% (three month average) |
RSI | 39 |
Latest Price | $17.6300(-3.34%) |
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 0.7% 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) XRT(78%) IWM(74%) IWN(74%) TAN(74%) ACES(73%) |
Factors Impacting MP price | MP will decline at least -1.335% in a week (0% probabilities). UUP(-20%) TBT(-20%) VXX(-17%) EDOC(-9%) VIXM(-6%) |
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 | -1.335% (StdDev 2.67%) |
Hourly BBV | -2.2 () |
Intraday Trend | -3.4% |
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