| MJ latest price $12.1100 (10.09%) ($11.2600 - $12.6500) on Thu. Mar. 26, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.17% (three month average) |
RSI | 44 |
Latest Price | $12.1100(10.09%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 4.9% a day on average for past five trading days. |
Weekly Trend | MJ declines -4.1% 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(45%) XLC(44%) DIA(29%) IWD(29%) IVE(28%) |
Factors Impacting MJ price | MJ will decline at least -2.085% in a week (0% probabilities). VXX(-13%) VIXM(-13%) UUP(-12%) TLT(-7%) 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 | -2.085% (StdDev 4.17%) |
Hourly BBV | 0 () |
Intraday Trend | 7.4% |
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