| MJ latest price $11.0000 (5.67%) ($10.3200 - $11.2500) on Wed. Mar. 25, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.96% (three month average) |
RSI | 36 |
Latest Price | $11.0000(5.67%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.9% a day on average for past five trading days. |
Weekly Trend | MJ declines -9.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(46%) XLC(45%) DIA(30%) IVE(30%) IWD(30%) |
Factors Impacting MJ price | MJ will decline at least -1.98% in a week (0% probabilities). VXX(-15%) VIXM(-15%) UUP(-9%) TLT(-9%) SHY(-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 | -1.98% (StdDev 3.96%) |
Hourly BBV | 0 () |
Intraday Trend | 4.2% |
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