| MJ latest price $13.5200 (0.07%) ($13.4300 - $13.7000) on Fri. Jul. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 67 |
Latest Price | $13.5200(0.07%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.7% a day on average for past five trading days. |
Weekly Trend | MJ advances 2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(40%) IYT(39%) IVE(14%) IWD(14%) DIA(13%) |
Factors Impacting MJ price | MJ will decline at least -1.47% in a week (0% probabilities). UUP(-8%) TAN(-7%) TLT(-6%) BNDX(-4%) BND(-3%) |
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 | -1.47% (StdDev 2.94%) |
Hourly BBV | 0 () |
Intraday Trend | -0.6% |
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