| MJ latest price $10.8300 (4.54%) ($10.4200 - $10.8300) on Mon. Oct. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 37 |
Latest Price | $10.8300(4.54%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.8% a day on average for past five trading days. |
Weekly Trend | MJ declines -3.2% 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) XLF(12%) DIA(11%) IVE(11%) IWD(11%) SDY(10%) |
Factors Impacting MJ price | MJ will decline at least -1.025% in a week (0% probabilities). TAN(-9%) UUP(-6%) TLT(-5%) XBI(-4%) ICLN(-4%) |
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 | -1.025% (StdDev 2.05%) |
Hourly BBV | 0 () |
Intraday Trend | 3.8% |
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