| MJ latest price $14.6300 (0.07%) ($14.3490 - $14.7900) on Wed. Oct. 20, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 53 |
Latest Price | $14.6300(0.07%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.6% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(75%) IWO(75%) IPO(74%) ARKK(73%) IWM(73%) |
Factors Impacting MJ price | MJ will decline at least -1.025% in a week (0% probabilities). VIXM(-60%) VXX(-44%) UUP(-31%) TLT(-12%) UNG(-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 | -1.025% (StdDev 2.05%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.3% |
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