| MP latest price $38.9700 (-1.17%) ($37.7900 - $40.3800) on Wed. Jun. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 66 |
Latest Price | $38.9700(-1.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.1% a day on average for past five trading days. |
Weekly Trend | MP advances 4.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(69%) REMX(69%) IWO(68%) IDRV(67%) IWN(67%) |
Factors Impacting MP price | MP will decline at least -2.21% in a week (0% probabilities). VIXM(-21%) UUP(-17%) VXX(-6%) TLT(-3%) TBT(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 | -2.21% (StdDev 4.42%) |
Hourly BBV | -0.6 () |
Intraday Trend | -3.7% |
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