| MRO latest price $12.2200 (1.83%) ($11.8850 - $12.3250) on Wed. Mar. 10, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.34% (three month average) |
RSI | 78 |
Latest Price | $12.2200(1.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1% a day on average for past five trading days. |
Weekly Trend | MRO advances 9.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(84%) XOP(74%) XLE(73%) USO(55%) IWN(52%) |
Factors Impacting MRO price | MRO will decline at least -2.17% in a week (0% probabilities). VIXM(-25%) UUP(-20%) TLT(-11%) VXX(-10%) SHY(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.17% (StdDev 4.34%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
| |
|
|