| MJ latest price $12.7000 (0.32%) ($12.5800 - $12.8800) on Wed. May. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.48% (three month average) |
RSI | 56 |
Latest Price | $12.7000(0.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.2% 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) XLC(42%) IYT(41%) DIA(20%) IVE(20%) IWD(20%) |
Factors Impacting MJ price | MJ will decline at least -2.24% in a week (0% probabilities). UUP(-10%) TLT(-9%) VXX(-7%) VIXM(-6%) BNDX(-5%) |
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 | -2.24% (StdDev 4.48%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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