| MJ latest price $25.0400 (-24.6%) ($24.6500 - $32.0900) on Thu. Feb. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.19% (three month average) |
RSI | 68 |
Latest Price | $25.0400(-24.6%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 20% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -2.595% 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 | -2.595% (StdDev 5.19%) |
Hourly BBV | -1.7 () |
Intraday Trend | -21.8% |
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