| MJ latest price $13.3400 (3.09%) ($13.0000 - $13.3800) on Mon. Aug. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.88% (three month average) |
RSI | 52 |
Latest Price | $13.3400(3.09%) |
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 declines -0.5% a week on average for past two weeks. |
Market Behavior | Growth 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(41%) IYT(39%) DIA(13%) IVE(13%) IWD(13%) |
Factors Impacting MJ price | MJ will decline at least -1.44% in a week (0% probabilities). UUP(-8%) TAN(-7%) TLT(-6%) BNDX(-4%) EDOC(-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 | -1.44% (StdDev 2.88%) |
Hourly BBV | 0 () |
Intraday Trend | 2.2% |
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