| MJ latest price $36.2300 (1.68%) ($35.7000 - $36.2800) on Wed. Feb. 20, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.62% (three month average) |
RSI | 62 |
Latest Price | $36.2300(1.68%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally 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 -1.31% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.31% (StdDev 2.62%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
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