| MRO latest price $24.0200 (1.61%) ($23.6000 - $24.2500) on Wed. May. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.75% (three month average) |
RSI | 71 |
Latest Price | $24.0200(1.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1.1% a day on average for past five trading days. |
Weekly Trend | MRO advances 1.9% 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(88%) OIH(80%) USO(71%) VYM(56%) |
Factors Impacting MRO price | MRO will decline at least -1.375% in a week (0% probabilities). BWX(-14%) VXX(-9%) BNDX(-8%) BND(-8%) VIXM(-6%) |
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 | -1.375% (StdDev 2.75%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.2% |
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