| MP latest price $37.7500 (-3.55%) ($37.2800 - $39.6700) on Tue. Aug. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.58% (three month average) |
RSI | 65 |
Latest Price | $37.7500(-3.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.2% a day on average for past five trading days. |
Weekly Trend | MP advances 2.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally 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(61%) |
Factors Impacting MP price | MP will decline at least -1.79% in a week (0% probabilities). VIXM(-33%) UUP(-18%) VXX(-11%) TLT(-8%) 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 | -1.79% (StdDev 3.58%) |
Hourly BBV | -0.5 () |
Intraday Trend | -4.4% |
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