| MRO latest price $22.9300 (2.64%) ($22.4300 - $22.9300) on Thu. Jun. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.36% (three month average) |
RSI | 33 |
Latest Price | $22.9300(2.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.6% a day on average for past five trading days. |
Weekly Trend | MRO declines -2.9% 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) XOP(90%) XLE(87%) OIH(80%) USO(72%) VYM(51%) |
Factors Impacting MRO price | MRO will decline at least -1.18% in a week (0% probabilities). EDOC(-11%) UUP(-10%) TBT(-8%) XLY(-7%) VXX(-7%) |
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 | -1.18% (StdDev 2.36%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.7% |
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