| MJ latest price $25.0000 (3.95%) ($23.9200 - $25.1300) on Mon. Mar. 15, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.65% (three month average) |
RSI | 57 |
Latest Price | $25.0000(3.95%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 3.2% a day on average for past five trading days. |
Weekly Trend | MJ advances 1.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(74%) IWO(74%) IWC(72%) IWM(72%) ARKK(71%) |
Factors Impacting MJ price | MJ will decline at least -2.825% in a week (0% probabilities). VIXM(-51%) VXX(-44%) UUP(-31%) TLT(-13%) IGOV(-6%) |
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 | -2.825% (StdDev 5.65%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.5% |
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