| MJ latest price $13.9300 (-1.42%) ($13.8730 - $14.2200) on Thu. Nov. 4, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.95% (three month average) |
RSI | 48 |
Latest Price | $13.9300(-1.42%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% 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 | Rotation from value to growth for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(76%) IWO(75%) IPO(74%) ARKK(73%) IWM(73%) |
Factors Impacting MJ price | MJ will decline at least -0.975% in a week (0% probabilities). VIXM(-60%) VXX(-44%) UUP(-32%) TLT(-12%) UNG(-3%) |
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 | -0.975% (StdDev 1.95%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1.6% |
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