| MJ latest price $33.2300 (-1.69%) ($32.6400 - $34.3900) on Tue. Jan. 29, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 80 |
Latest Price | $33.2300(-1.69%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 4.2% 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) IYT(48%) XLC(48%) DIA(37%) IVE(37%) IWD(37%) |
Factors Impacting MJ price | MJ will decline at least -1.53% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-10%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.53% (StdDev 3.06%) |
Hourly BBV | 0 () |
Intraday Trend | -2.2% |
| |
|
|