| MJ latest price $33.2100 (14.91%) ($29.1900 - $34.5800) on Wed. Feb. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.01% (three month average) |
RSI | 87 |
Latest Price | $33.2100(14.91%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 8% a day on average for past five trading days. |
Weekly Trend | MJ advances 20.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off 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 -2.005% 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 | -2.005% (StdDev 4.01%) |
Hourly BBV | 1.4 () |
Intraday Trend | -3.9% |
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