| MRO latest price $22.5200 (4.4%) ($21.4000 - $22.5950) on Tue. Jul. 19, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 39 |
Latest Price | $22.5200(4.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1.8% a day on average for past five trading days. |
Weekly Trend | MRO declines -2.9% 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(86%) IWD(53%) IWN(51%) IWM(50%) IWO(49%) |
Factors Impacting MRO price | MRO will decline at least -1.985% in a week (0% probabilities). UUP(-23%) VIXM(-16%) SHY(-14%) BNDX(-11%) VXX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.985% (StdDev 3.97%) |
Hourly BBV | 1.3 () |
Intraday Trend | 5% |
| |
|
|