| MP latest price $42.1300 (5.06%) ($39.7100 - $42.8400) on Tue. Jun. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 59 |
Latest Price | $42.1300(5.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.4% a day on average for past five trading days. |
Weekly Trend | MP advances 1.7% 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(69%) IWM(68%) IDRV(67%) IWN(67%) IWO(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(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 | -2.21% (StdDev 4.42%) |
Hourly BBV | 1.4 () |
Intraday Trend | 5.6% |
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