| MP latest price $16.2700 (0.56%) ($16.0400 - $16.5240) on Mon. Nov. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.08% (three month average) |
RSI | 49 |
Latest Price | $16.2700(0.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.7% a day on average for past five trading days. |
Weekly Trend | MP advances 0.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWN(83%) REMX(83%) TAN(83%) DRIV(81%) IWM(81%) |
Factors Impacting MP price | MP will decline at least -1.54% in a week (0% probabilities). UUP(-22%) TBT(-22%) IGOV(-6%) VXX(1%) 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 | -1.54% (StdDev 3.08%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0.6% |
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