| MJ latest price $14.2100 (-3.99%) ($14.1970 - $14.8100) on Wed. Nov. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.17% (three month average) |
RSI | 45 |
Latest Price | $14.2100(-3.99%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 0.9% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -1.085% in a week (0% probabilities). VIXM(-59%) VXX(-43%) UUP(-31%) TLT(-11%) 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 | -1.085% (StdDev 2.17%) |
Hourly BBV | -2.2 () |
Intraday Trend | -2.9% |
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