| MJ latest price $20.0600 (3.67%) ($19.6000 - $20.2300) on Thu. Oct. 17, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.42% (three month average) |
RSI | 39 |
Latest Price | $20.0600(3.67%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.5% a day on average for past five trading days. |
Weekly Trend | MJ declines -3.7% a week on average for past two weeks. |
Market Behavior | Normal 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(36%) IVE(36%) IWD(36%) |
Factors Impacting MJ price | MJ will decline at least -1.21% in a week (0% probabilities). VXX(-22%) VIXM(-22%) TLT(-13%) UUP(-5%) IGOV(-1%) |
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 | -1.21% (StdDev 2.42%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
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