| CAN latest price $6.2500 (-3.85%) ($5.9100 - $6.8400) on Fri. Jan. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.28% (three month average) |
RSI | 71 |
Latest Price | $6.2500(-3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CAN advances 1% a day on average for past five trading days. |
Weekly Trend | CAN advances 27.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support CAN advance at 0% a week (0% probability) TBT(12%) SIL(8%) UNG(8%) UUP(5%) SLV(4%) |
Factors Impacting CAN price | CAN will decline at least -4.64% in a week (0% probabilities). XRT(-15%) ICLN(-13%) BND(-13%) LQD(-12%) TLT(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -4.64% (StdDev 9.28%) |
Hourly BBV | 0 () |
Intraday Trend | -8.6% |
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