| MP latest price $18.1300 (-2%) ($18.0300 - $18.7500) on Fri. Dec. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.66% (three month average) |
RSI | 66 |
Latest Price | $18.1300(-2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.7% a day on average for past five trading days. |
Weekly Trend | MP advances 3.1% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) TAN(93%) JETS(85%) DRIV(84%) XHB(82%) ICLN(77%) |
Factors Impacting MP price | MP will decline at least -1.83% in a week (0% probabilities). TBT(-38%) UUP(-12%) XLP(2%) EDOC(6%) SPLV(8%) |
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 | -1.83% (StdDev 3.66%) |
Hourly BBV | 0.5 () |
Intraday Trend | -2.2% |
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