| MP latest price $16.8000 (7.69%) ($15.2800 - $16.8100) on Wed. Dec. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.46% (three month average) |
RSI | 57 |
Latest Price | $16.8000(7.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 0.7% a day on average for past five trading days. |
Weekly Trend | MP advances 1.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) TAN(85%) DRIV(82%) REMX(82%) XHB(81%) IWM(80%) |
Factors Impacting MP price | MP will decline at least -1.73% in a week (0% probabilities). TBT(-16%) UUP(-15%) BNDX(3%) VIXM(5%) XLK(7%) |
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 | -1.73% (StdDev 3.46%) |
Hourly BBV | 1.8 () |
Intraday Trend | 7.8% |
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