| MJ latest price $31.2000 (-1.64%) ($31.0900 - $32.2400) on Fri. Jun. 22, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 59 |
Latest Price | $31.2000(-1.64%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.8% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock 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 -0.95% 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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 0 () |
Intraday Trend | -2.5% |
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