| MP latest price $16.2400 (2.53%) ($16.1200 - $16.8800) on Wed. Dec. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.26% (three month average) |
RSI | 49 |
Latest Price | $16.2400(2.53%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.2% a day on average for past five trading days. |
Weekly Trend | MP advances 1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal 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 -1.63% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.63% (StdDev 3.26%) |
Hourly BBV | -0.4 () |
Intraday Trend | 0.4% |
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