| MJ latest price $36.6500 (-1.27%) ($35.9500 - $37.4100) on Mon. Mar. 4, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.48% (three month average) |
RSI | 82 |
Latest Price | $36.6500(-1.27%) |
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 3.1% a week on average for past two weeks. |
Market Behavior | Value stocks 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) IYT(48%) XLC(48%) DIA(37%) IVE(37%) IWD(37%) |
Factors Impacting MJ price | MJ will decline at least -1.24% 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 | -1.24% (StdDev 2.48%) |
Hourly BBV | 0 () |
Intraday Trend | -2% |
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