| MP latest price $31.9700 (4%) ($30.5800 - $32.3100) on Fri. Jan. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.14% (three month average) |
RSI | 82 |
Latest Price | $31.9700(4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.2% a day on average for past five trading days. |
Weekly Trend | MP advances 5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock 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 -2.07% 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 | -2.07% (StdDev 4.14%) |
Hourly BBV | 2.2 () |
Intraday Trend | 4.3% |
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