| MJ latest price $16.9600 (2.66%) ($16.8300 - $17.4900) on Thu. Jan. 7, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.22% (three month average) |
RSI | 61 |
Latest Price | $16.9600(2.66%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 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) IWC(62%) IWO(62%) IBUY(61%) IWM(61%) ARKK(58%) |
Factors Impacting MJ price | MJ will decline at least -1.61% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-26%) TLT(-12%) SHY(1%) |
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 | -1.61% (StdDev 3.22%) |
Hourly BBV | 0.6 () |
Intraday Trend | -1.5% |
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