| MRO latest price $25.7300 (-2.28%) ($25.3830 - $26.6800) on Tue. Apr. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.86% (three month average) |
RSI | 74 |
Latest Price | $25.7300(-2.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 2% a day on average for past five trading days. |
Weekly Trend | MRO advances 6.6% 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) XOP(91%) XLE(89%) OIH(83%) USO(74%) VYM(60%) |
Factors Impacting MRO price | MRO will decline at least -1.43% in a week (0% probabilities). VXX(-20%) VIXM(-17%) SHY(-16%) BNDX(-14%) SMH(-12%) |
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 | -1.43% (StdDev 2.86%) |
Hourly BBV | 0.2 () |
Intraday Trend | -3.2% |
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