| MTP latest price $7.0000 (-4.11%) ($6.9350 - $7.6000) on Tue. Oct. 8, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.15% (three month average) |
RSI | 65 |
Latest Price | $7.0000(-4.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | MTP advances 2.7% a day on average for past five trading days. |
Weekly Trend | MTP advances 5.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MTP advance at 0% a week (0% probability) VIXM(25%) XLU(-11%) SIL(-27%) USO(-48%) VWO(-49%) |
Factors Impacting MTP price | MTP will decline at least -3.575% in a week (0% probabilities). JETS(-23%) KWEB(-28%) MCHI(-10%) EEM(-31%) VXX(-56%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -3.575% (StdDev 7.15%) |
Hourly BBV | 0 () |
Intraday Trend | -1.4% |
| |
|
|