| MAR latest price $93.7200 (3.7%) ($88.6200 - $94.0500) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.17% (three month average) |
RSI | 60 |
Latest Price | $93.7200(3.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MAR advances 2.3% a day on average for past five trading days. |
Weekly Trend | MAR declines -0.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MAR advance at 0% a week (0% probability) JETS(77%) PEJ(75%) IWN(68%) IVE(67%) IWD(67%) |
Factors Impacting MAR price | MAR will decline at least -2.085% in a week (0% probabilities). VIXM(-42%) UUP(-27%) VXX(-13%) TLT(-11%) SHY(-3%) |
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 | -2.085% (StdDev 4.17%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
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