| MJ latest price $16.8400 (-0.71%) ($16.5000 - $17.1500) on Fri. Jan. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.17% (three month average) |
RSI | 63 |
Latest Price | $16.8400(-0.71%) |
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 3.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -1.585% 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 | -1.585% (StdDev 3.17%) |
Hourly BBV | -0.4 () |
Intraday Trend | -1.5% |
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