| MJ latest price $13.2800 (-3.42%) ($13.2600 - $13.7500) on Wed. Jul. 29, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 62 |
Latest Price | $13.2800(-3.42%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.3% a week on average for past two weeks. |
Market Behavior | Broad based 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(40%) IYT(39%) DIA(13%) IVE(13%) IWD(13%) |
Factors Impacting MJ price | MJ will decline at least -1.47% in a week (0% probabilities). UUP(-7%) 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 | -3.3% |
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