| MJ latest price $15.4400 (1.58%) ($15.1800 - $15.6500) on Wed. Dec. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.17% (three month average) |
RSI | 62 |
Latest Price | $15.4400(1.58%) |
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 declines -0.3% 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) IWC(62%) IWO(62%) IBUY(61%) IWM(61%) ARKK(57%) |
Factors Impacting MJ price | MJ will decline at least -1.585% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-26%) TLT(-12%) IGOV(-7%) |
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 | -1.585% (StdDev 3.17%) |
Hourly BBV | 1.2 () |
Intraday Trend | -1% |
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