| MRO latest price $7.3200 (17.5%) ($6.7900 - $7.4500) on Fri. Jun. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 9.31% (three month average) |
RSI | 70 |
Latest Price | $7.3200(17.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 6.9% a day on average for past five trading days. |
Weekly Trend | MRO advances 3.2% 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 MRO advance at 0% a week (0% probability) JETS(14%) IWN(13%) XOP(13%) XAR(12%) IFRA(11%) |
Factors Impacting MRO price | MRO will decline at least -4.655% in a week (0% probabilities). VIXM(-11%) UNG(-5%) VXX(-4%) UUP(-2%) TBT(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -4.655% (StdDev 9.31%) |
Hourly BBV | 0 () |
Intraday Trend | 6.7% |
| |
|
|