| MRO latest price $27.3100 (2.28%) ($26.9000 - $27.6000) on Fri. Sep. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.6% (three month average) |
RSI | 60 |
Latest Price | $27.3100(2.28%) |
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 2.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) XOP(93%) XLE(89%) OIH(85%) USO(72%) XAR(50%) |
Factors Impacting MRO price | MRO will decline at least -0.8% in a week (0% probabilities). XLY(-18%) IGOV(-17%) JETS(-16%) EWG(-14%) PEJ(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.8% (StdDev 1.6%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.2% |
| |
|
|