| MJ latest price $40.7000 (1.62%) ($40.2300 - $41.4800) on Mon. Oct. 1, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.89% (three month average) |
RSI | 61 |
Latest Price | $40.7000(1.62%) |
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 3.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based sell-off 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%) XAR(36%) |
Factors Impacting MJ price | MJ will decline at least -1.445% in a week (0% probabilities). UUP(-15%) TLT(-15%) VXX(-13%) VIXM(-12%) IFRA(-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 | -1.445% (StdDev 2.89%) |
Hourly BBV | 0 () |
Intraday Trend | -1.3% |
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