| MP latest price $34.0500 (0.86%) ($33.3500 - $34.3300) on Wed. Nov. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.94% (three month average) |
RSI | 66 |
Latest Price | $34.0500(0.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP advances 3.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) IWM(66%) IWO(66%) REMX(66%) IDRV(64%) IWN(64%) |
Factors Impacting MP price | MP will decline at least -1.97% in a week (0% probabilities). VIXM(-8%) VCSH(-7%) TLT(-7%) VXX(-4%) VCIT(-4%) |
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 | -1.97% (StdDev 3.94%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.3% |
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