| MP latest price $39.2900 (2.1%) ($38.8100 - $40.1200) on Mon. Aug. 8, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.34% (three month average) |
RSI | 79 |
Latest Price | $39.2900(2.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 3.4% a day on average for past five trading days. |
Weekly Trend | MP advances 10.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(70%) IWM(67%) IWO(67%) IDRV(66%) IWN(66%) |
Factors Impacting MP price | MP will decline at least -2.17% in a week (0% probabilities). VIXM(-16%) UUP(-15%) EDOC(-9%) VXX(-5%) TLT(-0%) |
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 | -2.17% (StdDev 4.34%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.2% |
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