| MJ latest price $35.9800 (3.36%) ($35.1000 - $36.0000) on Mon. Sep. 10, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.5% (three month average) |
RSI | 77 |
Latest Price | $35.9800(3.36%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 7.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(47%) XLC(47%) IVE(37%) IWD(37%) XLI(36%) |
Factors Impacting MJ price | MJ will decline at least -1.25% 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 | -1.25% (StdDev 2.5%) |
Hourly BBV | 0 () |
Intraday Trend | 1.2% |
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