| CCJ latest price $35.7300 (-0.64%) ($35.5800 - $36.2750) on Thu. Aug. 24, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.25% (three month average) |
RSI | 72 |
Latest Price | $35.7300(-0.64%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CCJ advances 1% a day on average for past five trading days. |
Weekly Trend | CCJ advances 2.6% 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 CCJ advance at 0% a week (0% probability) URA(89%) REMX(51%) UNG(47%) OIH(44%) LIT(43%) |
Factors Impacting CCJ price | CCJ will decline at least -1.125% in a week (0% probabilities). IGOV(-37%) VXX(-34%) VIXM(-33%) XBI(-25%) SHY(-23%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.125% (StdDev 2.25%) |
Hourly BBV | -0.9 () |
Intraday Trend | -0.6% |
| |
|
|