| MJ latest price $14.2500 (-0.21%) ($13.6700 - $14.5000) on Wed. May. 27, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 74 |
Latest Price | $14.2500(-0.21%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2.4% a day on average for past five trading days. |
Weekly Trend | MJ advances 9% a week on average for past two weeks. |
Market Behavior | Value stock 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(42%) XLC(42%) DIA(19%) IVE(19%) IWD(19%) |
Factors Impacting MJ price | MJ will decline at least -2.255% in a week (0% probabilities). UUP(-10%) TLT(-9%) VXX(-6%) VIXM(-5%) 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 | -2.255% (StdDev 4.51%) |
Hourly BBV | 0 () |
Intraday Trend | -1.1% |
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