| MP latest price $23.1600 (1.22%) ($23.0500 - $23.5600) on Mon. Jul. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.7% (three month average) |
RSI | 62 |
Latest Price | $23.1600(1.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.6% a day on average for past five trading days. |
Weekly Trend | MP advances 0.6% 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(70%) XRT(67%) ACES(66%) IWM(66%) IWN(66%) |
Factors Impacting MP price | MP will decline at least -1.35% in a week (0% probabilities). VXX(-26%) UUP(-22%) TBT(-22%) VIXM(-21%) IGOV(-9%) |
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 | -1.35% (StdDev 2.7%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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