| MP latest price $37.6200 (-1.23%) ($36.5320 - $38.5200) on Fri. Jul. 30, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.77% (three month average) |
RSI | 46 |
Latest Price | $37.6200(-1.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.1% a day on average for past five trading days. |
Weekly Trend | MP advances 2.6% 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) REMX(65%) IWM(64%) IDRV(63%) IWO(63%) DRIV(62%) |
Factors Impacting MP price | MP will decline at least -1.885% in a week (0% probabilities). VIXM(-33%) UUP(-18%) VXX(-11%) TLT(-9%) SHY(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 | -1.885% (StdDev 3.77%) |
Hourly BBV | 0.2 () |
Intraday Trend | -0.3% |
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