| MJ latest price $30.7400 (-1.25%) ($30.5500 - $31.3000) on Tue. May. 22, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 69 |
Latest Price | $30.7400(-1.25%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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(46%) IVE(36%) IWD(36%) PAVE(35%) XLF(35%) |
Factors Impacting MJ price | MJ will decline at least -0.965% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-12%) 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 | -0.965% (StdDev 1.93%) |
Hourly BBV | 0 () |
Intraday Trend | -1.6% |
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