| MP latest price $21.8300 (1.39%) ($21.4700 - $22.3900) on Wed. Sep. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 51 |
Latest Price | $21.8300(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.1% a day on average for past five trading days. |
Weekly Trend | MP advances 1.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) XRT(76%) REMX(72%) IWM(71%) IWN(71%) TAN(71%) |
Factors Impacting MP price | MP will decline at least -1.16% in a week (0% probabilities). VXX(-24%) TBT(-21%) UUP(-19%) VIXM(-17%) EDOC(-4%) |
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 | -1.16% (StdDev 2.32%) |
Hourly BBV | 1.4 () |
Intraday Trend | -0.6% |
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