| MP latest price $28.0900 (2.33%) ($26.8800 - $28.4400) on Tue. May. 18, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.24% (three month average) |
RSI | 39 |
Latest Price | $28.0900(2.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.1% a day on average for past five trading days. |
Weekly Trend | MP declines -8.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(63%) REMX(63%) IDRV(62%) DRIV(61%) |
Factors Impacting MP price | MP will decline at least -3.12% in a week (0% probabilities). VIXM(-32%) UUP(-18%) VXX(-12%) TLT(-8%) IGOV(-6%) |
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 | -3.12% (StdDev 6.24%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.7% |
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