| MP latest price $39.3600 (-2.48%) ($38.6750 - $40.8200) on Wed. Feb. 2, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 24 |
Latest Price | $39.3600(-2.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.2% a day on average for past five trading days. |
Weekly Trend | MP declines -8.5% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(67%) IWO(66%) IDRV(65%) IWN(65%) |
Factors Impacting MP price | MP will decline at least -2.28% in a week (0% probabilities). VIXM(-30%) UUP(-18%) VXX(-9%) TLT(-5%) SHY(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 | -2.28% (StdDev 4.56%) |
Hourly BBV | -0.7 () |
Intraday Trend | -2.8% |
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