| MJ latest price $39.4000 (-0.78%) ($39.2000 - $40.6600) on Thu. Oct. 18, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.24% (three month average) |
RSI | 49 |
Latest Price | $39.4000(-0.78%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1% a day on average for past five trading days. |
Weekly Trend | MJ advances 1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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%) PAVE(36%) |
Factors Impacting MJ price | MJ will decline at least -1.62% in a week (0% probabilities). UUP(-15%) 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 | -1.62% (StdDev 3.24%) |
Hourly BBV | 0 () |
Intraday Trend | -1.4% |
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