| MJ latest price $30.0800 (-0.86%) ($30.0200 - $30.6000) on Wed. May. 16, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 70 |
Latest Price | $30.0800(-0.86%) |
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 3.1% 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) IYT(46%) IVE(36%) IWD(36%) PAVE(35%) XLF(35%) |
Factors Impacting MJ price | MJ will decline at least -0.95% in a week (0% probabilities). UUP(-16%) TLT(-15%) VIXM(-12%) SHY(-3%) DIA(-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 | -0.95% (StdDev 1.9%) |
Hourly BBV | 0 () |
Intraday Trend | -1.7% |
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