| MRO latest price $26.7500 (-2.41%) ($26.6950 - $27.5300) on Fri. Sep. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.78% (three month average) |
RSI | 56 |
Latest Price | $26.7500(-2.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MRO advances 0.5% a day on average for past five trading days. |
Weekly Trend | MRO advances 0.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MRO advance at 0% a week (0% probability) XOP(95%) OIH(92%) XLE(88%) USO(80%) GLD(67%) |
Factors Impacting MRO price | MRO will decline at least -0.89% in a week (0% probabilities). JETS(-28%) PEJ(-13%) XLY(-11%) IGOV(-9%) EWG(-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 | -0.89% (StdDev 1.78%) |
Hourly BBV | -1.8 () |
Intraday Trend | -2.2% |
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