| MRO latest price $26.4900 (-2.61%) ($26.3790 - $27.4200) on Tue. Sep. 13, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 55 |
Latest Price | $26.4900(-2.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.7% a day on average for past five trading days. |
Weekly Trend | MRO declines -0.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(85%) IWD(57%) IWN(54%) IWM(53%) IWO(52%) |
Factors Impacting MRO price | MRO will decline at least -1.74% in a week (0% probabilities). UUP(-24%) VIXM(-15%) SHY(-14%) BNDX(-7%) TBT(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.74% (StdDev 3.48%) |
Hourly BBV | -0.6 () |
Intraday Trend | -1% |
| |
|
|