| MP latest price $34.7000 (0.06%) ($33.0200 - $35.3000) on Wed. Jan. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.21% (three month average) |
RSI | 39 |
Latest Price | $34.7000(0.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 3.4% 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 | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(59%) IWO(59%) IWC(58%) REMX(58%) DRIV(57%) |
Factors Impacting MP price | MP will decline at least -3.105% in a week (0% probabilities). VIXM(-29%) UUP(-19%) VXX(-12%) TLT(-9%) SHY(0%) |
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 | -3.105% (StdDev 6.21%) |
Hourly BBV | 0 () |
Intraday Trend | 0.6% |
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