| MJ latest price $31.8300 (0.66%) ($31.2600 - $31.9100) on Wed. Jul. 3, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.78% (three month average) |
RSI | 49 |
Latest Price | $31.8300(0.66%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.2% a week on average for past two weeks. |
Market Behavior | Broad based 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%) IWD(37%) DIA(36%) IVE(36%) |
Factors Impacting MJ price | MJ will decline at least -0.89% in a week (0% probabilities). VXX(-23%) VIXM(-23%) TLT(-14%) UUP(-4%) 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 | -0.89% (StdDev 1.78%) |
Hourly BBV | 0 () |
Intraday Trend | 0.7% |
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