| MRO latest price $6.8000 (3.5%) ($6.5491 - $6.8400) on Wed. Dec. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.85% (three month average) |
RSI | 43 |
Latest Price | $6.8000(3.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 1.5% a day on average for past five trading days. |
Weekly Trend | MRO declines -2.3% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(83%) XOP(76%) XLE(74%) USO(54%) IWN(53%) |
Factors Impacting MRO price | MRO will decline at least -2.425% in a week (0% probabilities). VIXM(-24%) UUP(-21%) TLT(-12%) VXX(-10%) BNDX(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.425% (StdDev 4.85%) |
Hourly BBV | 0 () |
Intraday Trend | 3.3% |
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