| MP latest price $31.0400 (-1.43%) ($30.7500 - $31.7620) on Thu. Oct. 27, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 56 |
Latest Price | $31.0400(-1.43%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 2% a day on average for past five trading days. |
Weekly Trend | MP advances 3% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(69%) IWM(67%) LIT(67%) IDRV(66%) IWO(66%) |
Factors Impacting MP price | MP will decline at least -1.74% 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 | -1.74% (StdDev 3.48%) |
Hourly BBV | -1.3 () |
Intraday Trend | -1.7% |
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