| MJ latest price $10.5300 (-2.77%) ($10.5000 - $10.8100) on Tue. Oct. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.06% (three month average) |
RSI | 31 |
Latest Price | $10.5300(-2.77%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -2.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal 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 -1.03% 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 | -1.03% (StdDev 2.06%) |
Hourly BBV | 0 () |
Intraday Trend | -2% |
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