| MJ latest price $26.8300 (-0.3%) ($26.7100 - $27.0500) on Thu. Aug. 2, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.71% (three month average) |
RSI | 28 |
Latest Price | $26.8300(-0.3%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% a day on average for past five trading days. |
Weekly Trend | MJ declines -2% a week on average for past two weeks. |
Market Behavior | Growth stock 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%) XLC(46%) IVE(36%) IWD(36%) PAVE(35%) |
Factors Impacting MJ price | MJ will decline at least -0.855% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-12%) IFRA(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.855% (StdDev 1.71%) |
Hourly BBV | 0 () |
Intraday Trend | -0.1% |
| |
|
|