| MJ latest price $14.1300 (2.32%) ($13.7300 - $14.2600) on Wed. Nov. 3, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 46 |
Latest Price | $14.1300(2.32%) |
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 -1.9% a week on average for past two weeks. |
Market Behavior | Broad based 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(76%) IWO(75%) IPO(74%) IWM(74%) ARKK(73%) |
Factors Impacting MJ price | MJ will decline at least -0.985% in a week (0% probabilities). VIXM(-60%) VXX(-44%) UUP(-32%) 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 | -0.985% (StdDev 1.97%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2.6% |
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