| MP latest price $12.6300 (-3.51%) ($12.5400 - $13.4500) on Tue. Jul. 28, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.16% (three month average) |
RSI | 72 |
Latest Price | $12.6300(-3.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP advances 17.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(55%) IWC(54%) IWO(54%) REMX(54%) IDRV(52%) |
Factors Impacting MP price | MP will decline at least -2.58% in a week (0% probabilities). VIXM(-26%) UUP(-18%) VXX(-12%) TLT(-8%) DRIV(-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 | -2.58% (StdDev 5.16%) |
Hourly BBV | 0 () |
Intraday Trend | -4.7% |
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