| MJ latest price $23.3000 (9.8%) ($22.3600 - $23.8900) on Wed. Feb. 3, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.64% (three month average) |
RSI | 75 |
Latest Price | $23.3000(9.8%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 4% a day on average for past five trading days. |
Weekly Trend | MJ advances 2.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value 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%) IPO(59%) |
Factors Impacting MJ price | MJ will decline at least -1.82% in a week (0% probabilities). VIXM(-41%) VXX(-37%) UUP(-27%) 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 | -1.82% (StdDev 3.64%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.1% |
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