| MJ latest price $14.9900 (-1.83%) ($14.8100 - $15.3400) on Tue. Jun. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.27% (three month average) |
RSI | 79 |
Latest Price | $14.9900(-1.83%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.6% 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 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(18%) IVE(18%) IWD(18%) |
Factors Impacting MJ price | MJ will decline at least -2.135% 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 | -2.135% (StdDev 4.27%) |
Hourly BBV | 0 () |
Intraday Trend | -0.7% |
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