| MP latest price $41.6900 (13.88%) ($37.4300 - $42.1200) on Mon. Nov. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.03% (three month average) |
RSI | 63 |
Latest Price | $41.6900(13.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 4.1% a day on average for past five trading days. |
Weekly Trend | MP advances 1.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(68%) IDRV(64%) IWM(64%) IWO(64%) LIT(63%) |
Factors Impacting MP price | MP will decline at least -2.015% in a week (0% probabilities). VIXM(-32%) UUP(-17%) VXX(-11%) TLT(-6%) 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 | -2.015% (StdDev 4.03%) |
Hourly BBV | 2.1 () |
Intraday Trend | 10.8% |
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