| MP latest price $37.9700 (2.18%) ($37.0300 - $38.2300) on Thu. Aug. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.98% (three month average) |
RSI | 47 |
Latest Price | $37.9700(2.18%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1% a day on average for past five trading days. |
Weekly Trend | MP declines -2.8% 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(71%) IWM(68%) IWO(68%) IDRV(67%) LIT(67%) |
Factors Impacting MP price | MP will decline at least -1.99% in a week (0% probabilities). VIXM(-16%) UUP(-16%) EDOC(-12%) VXX(-5%) TBT(-1%) |
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 | -1.99% (StdDev 3.98%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1% |
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