| MP latest price $42.3500 (2.57%) ($38.5200 - $43.7400) on Thu. Feb. 18, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.79% (three month average) |
RSI | 76 |
Latest Price | $42.3500(2.57%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.2% a day on average for past five trading days. |
Weekly Trend | MP advances 12.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWC(60%) IWM(60%) IWO(60%) REMX(60%) IDRV(58%) |
Factors Impacting MP price | MP will decline at least -3.395% in a week (0% probabilities). VIXM(-28%) UUP(-19%) VXX(-12%) TLT(-10%) IGOV(-5%) |
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 | -3.395% (StdDev 6.79%) |
Hourly BBV | 1.4 () |
Intraday Trend | 5.9% |
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