| MRO latest price $29.7500 (2.55%) ($29.3700 - $30.4000) on Thu. May. 26, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.51% (three month average) |
RSI | 55 |
Latest Price | $29.7500(2.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 2.1% a day on average for past five trading days. |
Weekly Trend | MRO advances 5.7% 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 MRO advance at 0% a week (0% probability) OIH(87%) XLE(57%) XOP(57%) IWD(54%) IWN(53%) |
Factors Impacting MRO price | MRO will decline at least -1.755% in a week (0% probabilities). UUP(-24%) VIXM(-20%) SHY(-13%) BNDX(-11%) VXX(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.755% (StdDev 3.51%) |
Hourly BBV | 1 () |
Intraday Trend | 1.3% |
| |
|
|