| MJ latest price $11.6500 (1.75%) ($11.4300 - $11.7700) on Tue. Apr. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.23% (three month average) |
RSI | 64 |
Latest Price | $11.6500(1.75%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.3% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(43%) IYT(42%) DIA(23%) IVE(23%) IWD(23%) |
Factors Impacting MJ price | MJ will decline at least -2.115% in a week (0% probabilities). VXX(-10%) UUP(-10%) TLT(-10%) VIXM(-9%) BNDX(-4%) |
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 | -2.115% (StdDev 4.23%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
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