| MJ latest price $35.4300 (1.64%) ($34.9500 - $35.4600) on Fri. May. 3, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 52 |
Latest Price | $35.4300(1.64%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 1.8% 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) IYT(48%) XLC(48%) DIA(37%) IVE(37%) IWD(37%) |
Factors Impacting MJ price | MJ will decline at least -0.885% in a week (0% probabilities). TLT(-15%) VXX(-12%) VIXM(-9%) IGOV(-2%) IFRA(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.885% (StdDev 1.77%) |
Hourly BBV | 0 () |
Intraday Trend | 1.1% |
| |
|
|