| MJ latest price $13.4000 (0.22%) ($13.3500 - $13.5400) on Tue. Jul. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.93% (three month average) |
RSI | 65 |
Latest Price | $13.4000(0.22%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ advances 2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(40%) IYT(39%) DIA(13%) IVE(13%) IWD(13%) |
Factors Impacting MJ price | MJ will decline at least -1.465% 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 | -1.465% (StdDev 2.93%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
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