| MP latest price $43.3800 (-8.21%) ($43.1000 - $47.2700) on Mon. Dec. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.58% (three month average) |
RSI | 57 |
Latest Price | $43.3800(-8.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.8% 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 | 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(68%) IWM(66%) IDRV(65%) IWN(65%) IWO(65%) |
Factors Impacting MP price | MP will decline at least -2.29% in a week (0% probabilities). VIXM(-32%) UUP(-17%) VXX(-10%) 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 | -2.29% (StdDev 4.58%) |
Hourly BBV | -1.5 () |
Intraday Trend | -8% |
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