| MRO latest price $23.8000 (1.19%) ($23.2250 - $23.8100) on Mon. Jul. 10, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.08% (three month average) |
RSI | 50 |
Latest Price | $23.8000(1.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.7% a day on average for past five trading days. |
Weekly Trend | MRO advances 1.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) XOP(90%) XLE(87%) OIH(80%) USO(72%) VYM(49%) |
Factors Impacting MRO price | MRO will decline at least -1.04% in a week (0% probabilities). VXX(-9%) TBT(-9%) UUP(-8%) VIXM(-5%) XLY(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.04% (StdDev 2.08%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2% |
| |
|
|