| MJ latest price $12.0600 (-3.05%) ($11.9800 - $12.3800) on Thu. Apr. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.2% (three month average) |
RSI | 60 |
Latest Price | $12.0600(-3.05%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(42%) IYT(41%) DIA(21%) IVE(21%) IWD(21%) |
Factors Impacting MJ price | MJ will decline at least -2.1% in a week (0% probabilities). VXX(-9%) UUP(-9%) TLT(-9%) VIXM(-8%) 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 | -2.1% (StdDev 4.2%) |
Hourly BBV | 0 () |
Intraday Trend | -2.6% |
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