| MP latest price $18.3700 (2.45%) ($18.0850 - $18.5400) on Tue. Dec. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.54% (three month average) |
RSI | 64 |
Latest Price | $18.3700(2.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 3.2% a day on average for past five trading days. |
Weekly Trend | MP advances 5.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) TLT(99%) XOP(86%) DRIV(85%) REMX(85%) ICLN(83%) |
Factors Impacting MP price | MP will decline at least -1.77% in a week (0% probabilities). TBT(-41%) UUP(-15%) VIXM(2%) VXX(3%) SPLV(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 | -1.77% (StdDev 3.54%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.9% |
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