| MJ latest price $12.8000 (-2.29%) ($12.7100 - $13.2000) on Thu. Nov. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 62 |
Latest Price | $12.8000(-2.29%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.5% a day on average for past five trading days. |
Weekly Trend | MJ advances 10.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(60%) IWC(60%) IWO(60%) IWM(59%) ARKK(56%) |
Factors Impacting MJ price | MJ will decline at least -1.47% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-27%) TLT(-11%) IGOV(-2%) |
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 | -1.47% (StdDev 2.94%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1.4% |
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