| MJ latest price $19.8200 (-0.55%) ($19.3400 - $20.9700) on Fri. Jan. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 81 |
Latest Price | $19.8200(-0.55%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.3% a day on average for past five trading days. |
Weekly Trend | MJ advances 13.5% 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) IWC(62%) IWM(62%) IWO(62%) IBUY(61%) ARKK(58%) |
Factors Impacting MJ price | MJ will decline at least -1.65% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-26%) TLT(-11%) 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 | -1.65% (StdDev 3.3%) |
Hourly BBV | 0.5 () |
Intraday Trend | -4.7% |
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