| MP latest price $28.8500 (3.55%) ($28.1300 - $28.9450) on Wed. Jan. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.31% (three month average) |
RSI | 49 |
Latest Price | $28.8500(3.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 3% a day on average for past five trading days. |
Weekly Trend | MP advances 2.2% 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(65%) IWM(64%) XME(64%) IWN(63%) LIT(63%) |
Factors Impacting MP price | MP will decline at least -2.155% in a week (0% probabilities). VIXM(-30%) UUP(-21%) VXX(-15%) TBT(-8%) EDOC(-5%) |
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 | -2.155% (StdDev 4.31%) |
Hourly BBV | 1.5 () |
Intraday Trend | 2.3% |
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