| MP latest price $17.9300 (-1.1%) ($17.8900 - $18.6500) on Mon. Dec. 18, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.54% (three month average) |
RSI | 63 |
Latest Price | $17.9300(-1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MP advances 1.8% a day on average for past five trading days. |
Weekly Trend | MP advances 3.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MP advance at 0% a week (0% probability) OIH(82%) LIT(83%) IWO(81%) IWN(80%) IWM(79%) |
Factors Impacting MP price | MP will decline at least -1.77% in a week (0% probabilities). TBT(-41%) UUP(-13%) XLP(4%) SPLV(8%) BNDX(13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.77% (StdDev 3.54%) |
Hourly BBV | -1.8 () |
Intraday Trend | -2% |
| |
|
|