| MJ latest price $36.1300 (-1.12%) ($36.0200 - $36.7400) on Mon. Feb. 25, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.59% (three month average) |
RSI | 42 |
Latest Price | $36.1300(-1.12%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% a day on average for past five trading days. |
Weekly Trend | MJ advances 1% 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 -1.295% 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 | -1.295% (StdDev 2.59%) |
Hourly BBV | 0 () |
Intraday Trend | -1.6% |
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