| MP latest price $22.2000 (0.91%) ($21.0700 - $22.2100) on Wed. May. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.38% (three month average) |
RSI | 63 |
Latest Price | $22.2000(0.91%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.1% a day on average for past five trading days. |
Weekly Trend | MP advances 0.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) REMX(70%) IWM(67%) XRT(67%) IWN(66%) XME(65%) |
Factors Impacting MP price | MP will decline at least -1.69% in a week (0% probabilities). VXX(-27%) VIXM(-24%) UUP(-19%) TBT(-17%) IGOV(-11%) |
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 | -1.69% (StdDev 3.38%) |
Hourly BBV | 0.6 () |
Intraday Trend | 2.2% |
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