| MJ latest price $38.3400 (2.65%) ($37.3600 - $38.3700) on Mon. Mar. 18, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.31% (three month average) |
RSI | 61 |
Latest Price | $38.3400(2.65%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based 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 -1.155% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-12%) 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 | -1.155% (StdDev 2.31%) |
Hourly BBV | 0 () |
Intraday Trend | 2.5% |
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