| MJ latest price $12.4100 (0.16%) ($12.2800 - $12.4700) on Wed. Sep. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 34 |
Latest Price | $12.4100(0.16%) |
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 -0.9% 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) DIA(13%) IVE(13%) IWD(13%) XLF(13%) SDY(12%) |
Factors Impacting MJ price | MJ will decline at least -1.15% in a week (0% probabilities). TAN(-8%) IGOV(-8%) UUP(-7%) TLT(-6%) BNDX(-4%) |
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 | -1.15% (StdDev 2.3%) |
Hourly BBV | 0 () |
Intraday Trend | -0.4% |
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