| MJ latest price $26.7700 (-0.22%) ($26.7100 - $27.1100) on Fri. Aug. 3, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.71% (three month average) |
RSI | 36 |
Latest Price | $26.7700(-0.22%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off 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%) DIA(-3%) |
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 | -0.855% (StdDev 1.71%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
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