| MJ latest price $34.4600 (-6.1%) ($34.2500 - $36.1500) on Thu. Nov. 8, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.99% (three month average) |
RSI | 42 |
Latest Price | $34.4600(-6.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.6% a day on average for past five trading days. |
Weekly Trend | MJ advances 1.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(48%) IYT(47%) IVE(37%) IWD(37%) VYM(36%) |
Factors Impacting MJ price | MJ will decline at least -1.995% in a week (0% probabilities). UUP(-15%) TLT(-15%) VXX(-13%) VIXM(-11%) DIA(-4%) |
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 | -1.995% (StdDev 3.99%) |
Hourly BBV | 0 () |
Intraday Trend | -4.5% |
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