| MJ latest price $30.9100 (-0.71%) ($30.8400 - $30.9800) on Tue. Jul. 26, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.54% (three month average) |
RSI | 64 |
Latest Price | $30.9100(-0.71%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally 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 -0.77% 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 | -0.77% (StdDev 1.54%) |
Hourly BBV | 0 () |
Intraday Trend | -0.2% |
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