| MJ latest price $12.6900 (-1.4%) ($12.6300 - $12.8900) on Fri. Aug. 14, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.89% (three month average) |
RSI | 44 |
Latest Price | $12.6900(-1.4%) |
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 declines -2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(41%) IYT(40%) DIA(13%) IVE(13%) IWD(13%) |
Factors Impacting MJ price | MJ will decline at least -1.445% in a week (0% probabilities). UUP(-7%) TAN(-7%) IGOV(-7%) TLT(-6%) BNDX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.445% (StdDev 2.89%) |
Hourly BBV | 0 () |
Intraday Trend | -1.6% |
| |
|
|