| MJ latest price $22.9000 (2.42%) ($22.6170 - $23.2000) on Wed. Mar. 31, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.66% (three month average) |
RSI | 44 |
Latest Price | $22.9000(2.42%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.7% a day on average for past five trading days. |
Weekly Trend | MJ declines -3.5% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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(70%) |
Factors Impacting MJ price | MJ will decline at least -2.83% in a week (0% probabilities). VIXM(-52%) VXX(-43%) UUP(-31%) TLT(-14%) IGOV(-8%) |
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 | -2.83% (StdDev 5.66%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.5% |
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