| MRO latest price $24.6000 (5.08%) ($23.7100 - $24.6700) on Thu. Aug. 18, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.49% (three month average) |
RSI | 47 |
Latest Price | $24.6000(5.08%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.6% a day on average for past five trading days. |
Weekly Trend | MRO advances 1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) OIH(86%) IWD(54%) IWN(52%) IWM(51%) IWO(49%) |
Factors Impacting MRO price | MRO will decline at least -1.745% in a week (0% probabilities). UUP(-23%) VIXM(-15%) SHY(-12%) EDOC(-10%) BNDX(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.745% (StdDev 3.49%) |
Hourly BBV | 1.7 () |
Intraday Trend | 3.4% |
| |
|
|