| MJ latest price $25.4800 (9.08%) ($23.7000 - $25.4800) on Mon. Feb. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.39% (three month average) |
RSI | 73 |
Latest Price | $25.4800(9.08%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 5.6% a day on average for past five trading days. |
Weekly Trend | MJ advances 10.7% 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) IWC(63%) IWO(63%) IBUY(62%) IWM(62%) IPO(60%) |
Factors Impacting MJ price | MJ will decline at least -1.695% in a week (0% probabilities). VIXM(-41%) VXX(-38%) 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 | -1.695% (StdDev 3.39%) |
Hourly BBV | 1.8 () |
Intraday Trend | 7.3% |
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