| MRO latest price $23.0500 (-1.45%) ($22.8000 - $23.9100) on Tue. Aug. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 45 |
Latest Price | $23.0500(-1.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1% a day on average for past five trading days. |
Weekly Trend | MRO declines -1.2% a week on average for past two weeks. |
Market Behavior | Value stock rally 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 -1.75% in a week (0% probabilities). UUP(-23%) VIXM(-14%) 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 | -1.75% (StdDev 3.5%) |
Hourly BBV | -1 () |
Intraday Trend | -2.7% |
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