| MRO latest price $25.1300 (1.37%) ($24.6200 - $25.3000) on Thu. Jul. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.1% (three month average) |
RSI | 80 |
Latest Price | $25.1300(1.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 2.1% a day on average for past five trading days. |
Weekly Trend | MRO advances 4.9% a week on average for past two weeks. |
Market Behavior | Broad based 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 -1.05% in a week (0% probabilities). VXX(-9%) TBT(-9%) UUP(-7%) VIXM(-5%) XLY(-4%) |
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 | -1.05% (StdDev 2.1%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.4% |
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