| MJ latest price $38.5900 (-0.64%) ($38.3400 - $39.7200) on Wed. Jan. 24, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.49% (three month average) |
RSI | 52 |
Latest Price | $38.5900(-0.64%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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(45%) IVE(36%) IWD(36%) PAVE(35%) VT(35%) |
Factors Impacting MJ price | MJ will decline at least -1.245% in a week (0% probabilities). UUP(-16%) TLT(-14%) VIXM(-13%) VXX(-5%) SHY(-3%) |
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 | -1.245% (StdDev 2.49%) |
Hourly BBV | 0 () |
Intraday Trend | -2.3% |
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