| MP latest price $23.0600 (4.3%) ($22.0000 - $23.2500) on Fri. Dec. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.28% (three month average) |
RSI | 89 |
Latest Price | $23.0600(4.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.3% a day on average for past five trading days. |
Weekly Trend | MP advances 19.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(57%) IWO(57%) IWC(56%) REMX(56%) IDRV(55%) |
Factors Impacting MP price | MP will decline at least -2.14% in a week (0% probabilities). VIXM(-28%) UUP(-17%) VXX(-12%) TLT(-8%) IGOV(-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 | -2.14% (StdDev 4.28%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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