| MJ latest price $40.0400 (3.57%) ($38.5000 - $40.1600) on Wed. Oct. 3, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3% (three month average) |
RSI | 67 |
Latest Price | $40.0400(3.57%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.6% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based 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%) XAR(36%) |
Factors Impacting MJ price | MJ will decline at least -1.5% 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 | -1.5% (StdDev 3%) |
Hourly BBV | 0 () |
Intraday Trend | 1.9% |
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