| MRO latest price $26.3300 (9.89%) ($25.7500 - $26.5950) on Mon. Apr. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.85% (three month average) |
RSI | 62 |
Latest Price | $26.3300(9.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 2.9% a day on average for past five trading days. |
Weekly Trend | MRO advances 5.4% 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 MRO advance at 0% a week (0% probability) XOP(91%) XLE(89%) OIH(83%) USO(74%) VYM(60%) |
Factors Impacting MRO price | MRO will decline at least -1.425% in a week (0% probabilities). VXX(-20%) VIXM(-17%) SHY(-16%) BNDX(-14%) BWX(-12%) |
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 | -1.425% (StdDev 2.85%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.3% |
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