| MJ latest price $19.8000 (-1.98%) ($19.5100 - $20.2700) on Wed. Jan. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.33% (three month average) |
RSI | 88 |
Latest Price | $19.8000(-1.98%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2.2% a day on average for past five trading days. |
Weekly Trend | MJ advances 15.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(62%) IWC(62%) IWO(62%) IWM(61%) ARKG(58%) |
Factors Impacting MJ price | MJ will decline at least -1.665% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-26%) TLT(-10%) 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 | -1.665% (StdDev 3.33%) |
Hourly BBV | 0.1 () |
Intraday Trend | -1.6% |
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