| MJ latest price $24.9400 (-0.83%) ($24.7500 - $25.7000) on Mon. Dec. 31, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.57% (three month average) |
RSI | 27 |
Latest Price | $24.9400(-0.83%) |
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 declines -6.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) XLC(48%) IYT(47%) IVE(37%) IWD(37%) VYM(36%) |
Factors Impacting MJ price | MJ will decline at least -1.785% in a week (0% probabilities). UUP(-15%) TLT(-15%) VXX(-13%) VIXM(-10%) DIA(-6%) |
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 | -1.785% (StdDev 3.57%) |
Hourly BBV | 0 () |
Intraday Trend | -2.3% |
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