| MP latest price $31.1300 (-1.64%) ($30.9950 - $31.7700) on Wed. Dec. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4% (three month average) |
RSI | 39 |
Latest Price | $31.1300(-1.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.2% a day on average for past five trading days. |
Weekly Trend | MP declines -1.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(66%) IWM(64%) IWO(64%) IDRV(63%) IWN(63%) |
Factors Impacting MP price | MP will decline at least -2% in a week (0% probabilities). VCSH(-11%) VCIT(-8%) TLT(-8%) XLV(-7%) XLU(-6%) |
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% (StdDev 4%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.7% |
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