| MP latest price $11.2800 (3.2%) ($11.0100 - $11.3900) on Mon. Jul. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.51% (three month average) |
RSI | 79 |
Latest Price | $11.2800(3.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.5% a day on average for past five trading days. |
Weekly Trend | MP advances 4.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(55%) IWO(55%) IWC(54%) REMX(53%) IDRV(52%) |
Factors Impacting MP price | MP will decline at least -1.255% in a week (0% probabilities). VIXM(-26%) UUP(-18%) VXX(-12%) TLT(-8%) DRIV(-2%) |
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 | -1.255% (StdDev 2.51%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
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