| MJ latest price $14.5300 (2.25%) ($14.1750 - $14.5800) on Thu. Nov. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.2% (three month average) |
RSI | 53 |
Latest Price | $14.5300(2.25%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.8% a day on average for past five trading days. |
Weekly Trend | MJ advances 1.9% a week on average for past two weeks. |
Market Behavior | Normal 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%) ARKK(73%) IWM(73%) |
Factors Impacting MJ price | MJ will decline at least -1.1% in a week (0% probabilities). VIXM(-59%) VXX(-43%) UUP(-31%) TLT(-11%) 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 | -1.1% (StdDev 2.2%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.8% |
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