| MP latest price $44.1600 (3.56%) ($42.0400 - $44.4900) on Wed. Dec. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.45% (three month average) |
RSI | 49 |
Latest Price | $44.1600(3.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.6% a day on average for past five trading days. |
Weekly Trend | MP declines -0.1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(68%) IWM(66%) IDRV(65%) IWN(65%) IWO(65%) |
Factors Impacting MP price | MP will decline at least -2.225% in a week (0% probabilities). VIXM(-33%) UUP(-17%) VXX(-11%) TLT(-7%) 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 | -2.225% (StdDev 4.45%) |
Hourly BBV | 0.9 () |
Intraday Trend | 3.4% |
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