| MRO latest price $32.1700 (2.42%) ($31.2300 - $32.2750) on Tue. Jun. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 72 |
Latest Price | $32.1700(2.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.5% a day on average for past five trading days. |
Weekly Trend | MRO advances 7.1% 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(56%) XOP(55%) IWD(52%) IWN(52%) |
Factors Impacting MRO price | MRO will decline at least -1.74% in a week (0% probabilities). UUP(-23%) VIXM(-18%) SHY(-13%) BNDX(-11%) VXX(-5%) |
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 | -1.74% (StdDev 3.48%) |
Hourly BBV | 1.8 () |
Intraday Trend | 2.6% |
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