| MP latest price $35.5100 (-1.55%) ($34.9000 - $37.9798) on Thu. Dec. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.53% (three month average) |
RSI | 77 |
Latest Price | $35.5100(-1.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.7% a day on average for past five trading days. |
Weekly Trend | MP advances 19.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -2.765% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.765% (StdDev 5.53%) |
Hourly BBV | 0 () |
Intraday Trend | -4% |
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