| MRO latest price $20.4600 (-0.1%) ($20.3800 - $20.7400) on Mon. Jul. 23, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.59% (three month average) |
RSI | 50 |
Latest Price | $20.4600(-0.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.4% a day on average for past five trading days. |
Weekly Trend | MRO declines -1.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) XOP(15%) DIA(14%) USO(13%) IBB(12%) XBI(12%) |
Factors Impacting MRO price | MRO will decline at least -1.295% in a week (0% probabilities). SHY(-9%) VXX(-8%) BND(-8%) VCIT(-6%) GDX(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.295% (StdDev 2.59%) |
Hourly BBV | 0 () |
Intraday Trend | -1.2% |
| |
|
|