| MP latest price $34.3700 (-0.69%) ($33.3700 - $34.9200) on Fri. Sep. 3, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.29% (three month average) |
RSI | 51 |
Latest Price | $34.3700(-0.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP advances 1.9% 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) REMX(66%) IDRV(64%) IWM(64%) IWO(64%) DRIV(62%) |
Factors Impacting MP price | MP will decline at least -1.645% in a week (0% probabilities). VIXM(-33%) UUP(-18%) VXX(-11%) TLT(-8%) IGOV(-2%) |
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 | -1.645% (StdDev 3.29%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.6% |
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