| MJ latest price $11.3600 (-1.05%) ($11.3000 - $11.4600) on Tue. Sep. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 31 |
Latest Price | $11.3600(-1.05%) |
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 declines -4.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) DIA(13%) IVE(13%) IWD(13%) XLF(13%) SDY(12%) |
Factors Impacting MJ price | MJ will decline at least -0.93% in a week (0% probabilities). TAN(-8%) UUP(-7%) TLT(-6%) BNDX(-4%) XBI(-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 | -0.93% (StdDev 1.86%) |
Hourly BBV | 0 () |
Intraday Trend | -0.7% |
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