| MJ latest price $26.4400 (0.08%) ($26.0200 - $27.1800) on Thu. Jan. 3, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.59% (three month average) |
RSI | 36 |
Latest Price | $26.4400(0.08%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.8% a day on average for past five trading days. |
Weekly Trend | MJ declines -3% a week on average for past two weeks. |
Market Behavior | Broad based 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) XLC(48%) IYT(47%) IVE(37%) IWD(37%) XLF(36%) |
Factors Impacting MJ price | MJ will decline at least -1.795% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-10%) DIA(-7%) |
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 | -1.795% (StdDev 3.59%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
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