| MJ latest price $32.3300 (6.07%) ($30.9000 - $32.3500) on Fri. Aug. 24, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.21% (three month average) |
RSI | 75 |
Latest Price | $32.3300(6.07%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 7.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(46%) XLC(46%) IVE(36%) IWD(36%) PAVE(35%) |
Factors Impacting MJ price | MJ will decline at least -1.105% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-12%) IFRA(-5%) |
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 | -1.105% (StdDev 2.21%) |
Hourly BBV | 0 () |
Intraday Trend | 4.3% |
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