| MP latest price $14.4400 (-2.96%) ($13.5300 - $15.5000) on Thu. Jul. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.06% (three month average) |
RSI | 86 |
Latest Price | $14.4400(-2.96%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 6.2% a day on average for past five trading days. |
Weekly Trend | MP advances 14.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal 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 -2.53% 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 | -2.53% (StdDev 5.06%) |
Hourly BBV | 0 () |
Intraday Trend | -1.8% |
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