| MP latest price $16.9650 (0.38%) ($16.5700 - $17.2100) on Mon. Dec. 4, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 68 |
Latest Price | $16.9650(0.38%) |
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 1.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) TAN(84%) DRIV(82%) REMX(83%) XRT(81%) IWM(80%) |
Factors Impacting MP price | MP will decline at least -1.575% in a week (0% probabilities). TBT(-19%) UUP(-16%) VIXM(-4%) VXX(2%) BNDX(4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.575% (StdDev 3.15%) |
Hourly BBV | 0.9 () |
Intraday Trend | 2.2% |
| |
|
|