| MJ latest price $32.5000 (1.21%) ($32.4400 - $32.5000) on Tue. Oct. 25, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.09% (three month average) |
RSI | 80 |
Latest Price | $32.5000(1.21%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(42%) IVE(35%) IWD(35%) VT(34%) VYM(34%) |
Factors Impacting MJ price | MJ will decline at least -0.545% in a week (0% probabilities). VIXM(-14%) UUP(-14%) TLT(-12%) IPO(-7%) SHY(-2%) |
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 | -0.545% (StdDev 1.09%) |
Hourly BBV | 0 () |
Intraday Trend | 0.2% |
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