| MP latest price $16.0800 (0.37%) ($16.0250 - $16.5700) on Wed. Nov. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.09% (three month average) |
RSI | 55 |
Latest Price | $16.0800(0.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.4% a day on average for past five trading days. |
Weekly Trend | MP advances 1.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) DRIV(80%) XRT(80%) IWM(81%) IWN(81%) REMX(81%) |
Factors Impacting MP price | MP will decline at least -1.545% in a week (0% probabilities). EDOC(-50%) TBT(-20%) UUP(-16%) VIXM(-1%) BNDX(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 | -1.545% (StdDev 3.09%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.7% |
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