| MP latest price $11.4600 (-2.8%) ($11.4500 - $12.1600) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.07% (three month average) |
RSI | 23 |
Latest Price | $11.4600(-2.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.6% a day on average for past five trading days. |
Weekly Trend | MP declines -6.7% 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 MP advance at 0% a week (0% probability) IWO(57%) IWC(56%) IWM(56%) REMX(55%) DRIV(54%) |
Factors Impacting MP price | MP will decline at least -1.535% in a week (0% probabilities). VIXM(-26%) UUP(-17%) VXX(-12%) TLT(-8%) EDOC(-4%) |
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 | -1.535% (StdDev 3.07%) |
Hourly BBV | 0 () |
Intraday Trend | -4.5% |
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