| MP latest price $39.5300 (2.2%) ($38.4400 - $40.3600) on Tue. May. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.56% (three month average) |
RSI | 30 |
Latest Price | $39.5300(2.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.7% a day on average for past five trading days. |
Weekly Trend | MP declines -10.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(68%) IWN(68%) REMX(68%) IDRV(67%) IWO(67%) |
Factors Impacting MP price | MP will decline at least -2.28% in a week (0% probabilities). VIXM(-24%) UUP(-18%) VXX(-6%) TLT(-5%) SHY(3%) |
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 | 0.9 () |
Intraday Trend | 2.2% |
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