| MJ latest price $11.8800 (2.68%) ($11.6100 - $12.0200) on Mon. Oct. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.22% (three month average) |
RSI | 60 |
Latest Price | $11.8800(2.68%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 4% 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%) XAR(11%) |
Factors Impacting MJ price | MJ will decline at least -1.11% 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 | -1.11% (StdDev 2.22%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
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