| MRO latest price $25.5800 (3.73%) ($25.1400 - $25.7600) on Wed. Mar. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.88% (three month average) |
RSI | 63 |
Latest Price | $25.5800(3.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 3.4% a day on average for past five trading days. |
Weekly Trend | MRO advances 1.7% 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 MRO advance at 0% a week (0% probability) OIH(87%) XLE(64%) XOP(63%) IWD(54%) IFRA(52%) |
Factors Impacting MRO price | MRO will decline at least -1.44% in a week (0% probabilities). VIXM(-24%) UUP(-23%) SHY(-13%) BNDX(-9%) VXX(-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 | -1.44% (StdDev 2.88%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.1% |
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