| MJ latest price $13.4700 (6.06%) ($12.7500 - $13.5600) on Thu. May. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.55% (three month average) |
RSI | 70 |
Latest Price | $13.4700(6.06%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.8% a day on average for past five trading days. |
Weekly Trend | MJ advances 4.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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 -2.275% 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 | -2.275% (StdDev 4.55%) |
Hourly BBV | 0 () |
Intraday Trend | 3.6% |
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