| MP latest price $29.9800 (-1.28%) ($29.6600 - $30.7360) on Mon. Oct. 24, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.65% (three month average) |
RSI | 46 |
Latest Price | $29.9800(-1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.4% a day on average for past five trading days. |
Weekly Trend | MP declines -2% 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(69%) LIT(67%) IDRV(66%) IWM(66%) IWO(66%) |
Factors Impacting MP price | MP will decline at least -1.825% in a week (0% probabilities). VIXM(-10%) UUP(-10%) VXX(-4%) TLT(-4%) VCSH(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 | -1.825% (StdDev 3.65%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.2% |
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