| MP latest price $43.2400 (6.19%) ($40.6100 - $43.6750) on Tue. Feb. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 59 |
Latest Price | $43.2400(6.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.6% a day on average for past five trading days. |
Weekly Trend | MP advances 2.5% a week on average for past two weeks. |
Market Behavior | Broad based 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(67%) IWO(66%) IDRV(65%) IWN(65%) |
Factors Impacting MP price | MP will decline at least -2.1% in a week (0% probabilities). VIXM(-28%) UUP(-19%) VXX(-8%) TLT(-4%) 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 | -2.1% (StdDev 4.2%) |
Hourly BBV | 1.6 () |
Intraday Trend | 6.2% |
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