| MP latest price $12.4000 (8.2%) ($11.5300 - $12.7500) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.11% (three month average) |
RSI | 36 |
Latest Price | $12.4000(8.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.6% a day on average for past five trading days. |
Weekly Trend | MP declines -4.6% 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 -1.555% 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 | -1.555% (StdDev 3.11%) |
Hourly BBV | 0 () |
Intraday Trend | 6.8% |
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