| MP latest price $36.0700 (-7.84%) ($35.7100 - $39.1250) on Wed. Dec. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.52% (three month average) |
RSI | 79 |
Latest Price | $36.0700(-7.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 4.7% a day on average for past five trading days. |
Weekly Trend | MP advances 20.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWO(59%) IWM(58%) IWC(57%) REMX(57%) IDRV(56%) |
Factors Impacting MP price | MP will decline at least -2.76% in a week (0% probabilities). VIXM(-29%) UUP(-18%) VXX(-12%) TLT(-9%) EDOC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.76% (StdDev 5.52%) |
Hourly BBV | 0 () |
Intraday Trend | -7.8% |
| |
|
|