| MJ latest price $27.0900 (2.46%) ($26.7200 - $27.3000) on Fri. Jan. 4, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 45 |
Latest Price | $27.0900(2.46%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2.3% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.8% 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%) XLF(36%) |
Factors Impacting MJ price | MJ will decline at least -1.8% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-13%) VIXM(-10%) DIA(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.8% (StdDev 3.6%) |
Hourly BBV | 0 () |
Intraday Trend | 0.8% |
| |
|
|