| MJ latest price $31.0700 (1.27%) ($31.0700 - $31.0700) on Thu. Jul. 21, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.55% (three month average) |
RSI | 69 |
Latest Price | $31.0700(1.27%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.2% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.2% 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 MJ advance at 0% a week (0% probability) IYT(42%) IWD(35%) IVE(34%) VT(34%) SDY(33%) |
Factors Impacting MJ price | MJ will decline at least -0.775% in a week (0% probabilities). VIXM(-14%) UUP(-14%) TLT(-12%) SHY(-2%) IPO(-1%) |
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 | -0.775% (StdDev 1.55%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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