| CAN latest price $6.5000 (4.33%) ($6.3400 - $7.1900) on Thu. Jan. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 9.25% (three month average) |
RSI | 77 |
Latest Price | $6.5000(4.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CAN advances 7.3% a day on average for past five trading days. |
Weekly Trend | CAN advances 28.6% 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 CAN advance at 0% a week (0% probability) SLV(14%) USO(12%) VIXM(12%) SIL(10%) GDXJ(8%) |
Factors Impacting CAN price | CAN will decline at least -4.625% in a week (0% probabilities). SPLV(-17%) XLP(-14%) SDY(-14%) XLU(-13%) VYM(-13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -4.625% (StdDev 9.25%) |
Hourly BBV | 0 () |
Intraday Trend | -0.3% |
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