| MJ latest price $33.4800 (1.39%) ($32.9500 - $33.8100) on Fri. Aug. 31, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.46% (three month average) |
RSI | 78 |
Latest Price | $33.4800(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.7% a day on average for past five trading days. |
Weekly Trend | MJ advances 12.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(47%) IYT(46%) IVE(37%) IWD(37%) PAVE(35%) |
Factors Impacting MJ price | MJ will decline at least -1.23% in a week (0% probabilities). UUP(-15%) TLT(-15%) VXX(-13%) VIXM(-12%) SHY(-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 | -1.23% (StdDev 2.46%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
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