| MRO latest price $27.1900 (2.6%) ($26.1200 - $27.3400) on Wed. Oct. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.5% (three month average) |
RSI | 49 |
Latest Price | $27.1900(2.6%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 3.8% a day on average for past five trading days. |
Weekly Trend | MRO declines -1.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(84%) IWD(56%) IWN(54%) IWM(52%) DIA(51%) |
Factors Impacting MRO price | MRO will decline at least -1.75% in a week (0% probabilities). UUP(-19%) SHY(-17%) VIXM(-12%) BNDX(-10%) TBT(-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 | 1.3 () |
Intraday Trend | 2.5% |
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