| MJ latest price $31.2600 (1.1%) ($31.2600 - $31.2600) on Wed. Oct. 18, 2017. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.73% (three month average) |
RSI | 49 |
Latest Price | $31.2600(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.2% 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(44%) IVE(36%) IWD(36%) PAVE(34%) SDY(34%) |
Factors Impacting MJ price | MJ will decline at least -0.365% in a week (0% probabilities). UUP(-15%) VIXM(-14%) TLT(-14%) SHY(-3%) IGOV(-0%) |
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 | -0.365% (StdDev 0.73%) |
Hourly BBV | 0 () |
Intraday Trend | 0% |
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