| MP latest price $34.2500 (-2.56%) ($33.4000 - $35.0700) on Tue. Apr. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.59% (three month average) |
RSI | 44 |
Latest Price | $34.2500(-2.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.1% a day on average for past five trading days. |
Weekly Trend | MP advances 0.3% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(63%) IWO(62%) REMX(62%) IDRV(60%) IWC(60%) |
Factors Impacting MP price | MP will decline at least -3.295% in a week (0% probabilities). VIXM(-32%) UUP(-18%) VXX(-12%) IGOV(-10%) TLT(-9%) |
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 | -3.295% (StdDev 6.59%) |
Hourly BBV | -1 () |
Intraday Trend | -1.7% |
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