| MJ latest price $23.5300 (0.99%) ($22.5310 - $23.8800) on Thu. Feb. 4, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 69 |
Latest Price | $23.5300(0.99%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 4.2% 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) IBUY(62%) IWC(62%) IWO(62%) IWM(61%) ARKK(59%) |
Factors Impacting MJ price | MJ will decline at least -1.8% 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 | -1.8% (StdDev 3.6%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.4% |
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