| MRO latest price $23.3900 (-2.78%) ($22.5850 - $23.5900) on Mon. Aug. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.53% (three month average) |
RSI | 54 |
Latest Price | $23.3900(-2.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1.4% a day on average for past five trading days. |
Weekly Trend | MRO declines -1.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(86%) IWD(54%) IWN(52%) IWM(51%) IWO(49%) |
Factors Impacting MRO price | MRO will decline at least -1.765% in a week (0% probabilities). UUP(-23%) VIXM(-15%) SHY(-12%) EDOC(-10%) BNDX(-8%) |
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 | -1.765% (StdDev 3.53%) |
Hourly BBV | -0.3 () |
Intraday Trend | 1.8% |
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