| MJ latest price $23.1000 (-3.51%) ($23.0800 - $23.1400) on Wed. Feb. 10, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 67 |
Latest Price | $23.1000(-3.51%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(41%) IVE(34%) IWD(34%) VT(34%) VYM(33%) |
Factors Impacting MJ price | MJ will decline at least -1.065% in a week (0% probabilities). VIXM(-14%) UUP(-14%) TLT(-11%) SHY(-2%) IPO(0%) |
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 | -1.065% (StdDev 2.13%) |
Hourly BBV | 0 () |
Intraday Trend | 0.1% |
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