| MP latest price $30.7400 (0.89%) ($30.0700 - $31.0700) on Thu. Jan. 26, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.11% (three month average) |
RSI | 85 |
Latest Price | $30.7400(0.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.4% a day on average for past five trading days. |
Weekly Trend | MP advances 5.9% 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(64%) IWM(63%) XME(63%) IWN(62%) IWO(61%) |
Factors Impacting MP price | MP will decline at least -2.055% in a week (0% probabilities). VIXM(-29%) UUP(-19%) VXX(-15%) VCSH(-8%) TBT(-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 | -2.055% (StdDev 4.11%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.7% |
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