| MJ latest price $15.2700 (8.76%) ($14.1000 - $15.2800) on Mon. Jun. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.46% (three month average) |
RSI | 76 |
Latest Price | $15.2700(8.76%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.8% 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) XLC(42%) IYT(41%) DIA(18%) IVE(18%) IWD(18%) |
Factors Impacting MJ price | MJ will decline at least -2.23% in a week (0% probabilities). UUP(-9%) TLT(-8%) VXX(-6%) VIXM(-5%) TAN(-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 | -2.23% (StdDev 4.46%) |
Hourly BBV | 0 () |
Intraday Trend | 8% |
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