| MJ latest price $28.3100 (0.71%) ($28.1300 - $28.3100) on Tue. Mar. 22, 2016. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.35% (three month average) |
RSI | 83 |
Latest Price | $28.3100(0.71%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.2% 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(42%) IWD(35%) IVE(34%) VT(34%) SDY(33%) |
Factors Impacting MJ price | MJ will decline at least -1.175% in a week (0% probabilities). VIXM(-14%) UUP(-14%) TLT(-12%) SHY(-2%) IPO(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.175% (StdDev 2.35%) |
Hourly BBV | 0 () |
Intraday Trend | 0.6% |
| |
|
|