| MJ latest price $14.6400 (0.07%) ($14.5600 - $14.9400) on Thu. Oct. 21, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 53 |
Latest Price | $14.6400(0.07%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.3% a week on average for past two weeks. |
Market Behavior | Growth stock 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(75%) IWO(75%) IPO(74%) ARKK(73%) IWM(73%) |
Factors Impacting MJ price | MJ will decline at least -1.005% in a week (0% probabilities). VIXM(-60%) VXX(-44%) UUP(-31%) TLT(-12%) UNG(-2%) |
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 | -1.005% (StdDev 2.01%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.3% |
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