| MP latest price $39.2600 (2.72%) ($38.3750 - $39.7800) on Mon. May. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.73% (three month average) |
RSI | 49 |
Latest Price | $39.2600(2.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2.1% a day on average for past five trading days. |
Weekly Trend | MP declines -0.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(70%) IWM(69%) IWN(68%) IWO(68%) IDRV(67%) |
Factors Impacting MP price | MP will decline at least -2.365% in a week (0% probabilities). VIXM(-22%) UUP(-18%) VXX(-6%) TLT(-4%) 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 | -2.365% (StdDev 4.73%) |
Hourly BBV | 0.7 () |
Intraday Trend | 1.6% |
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