| MJ latest price $32.5500 (-1.18%) ($32.2500 - $33.1800) on Tue. Jun. 11, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.84% (three month average) |
RSI | 41 |
Latest Price | $32.5500(-1.18%) |
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 -1.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IYT(48%) XLC(48%) IWD(37%) DIA(36%) IVE(36%) |
Factors Impacting MJ price | MJ will decline at least -0.92% in a week (0% probabilities). VXX(-23%) TLT(-14%) UUP(-4%) 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 | -0.92% (StdDev 1.84%) |
Hourly BBV | 0 () |
Intraday Trend | -1.8% |
| |
|
|