| MJ latest price $21.5000 (1.65%) ($21.0850 - $21.5500) on Mon. Apr. 26, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.47% (three month average) |
RSI | 41 |
Latest Price | $21.5000(1.65%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.5% a day on average for past five trading days. |
Weekly Trend | MJ declines -2.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based 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%) IPO(71%) |
Factors Impacting MJ price | MJ will decline at least -2.735% in a week (0% probabilities). VIXM(-53%) VXX(-44%) UUP(-31%) TLT(-14%) UNG(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.735% (StdDev 5.47%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.6% |
| |
|
|