| MJ latest price $15.3800 (5.85%) ($14.6400 - $15.3900) on Fri. Nov. 12, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 59 |
Latest Price | $15.3800(5.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal 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%) BLOK(73%) |
Factors Impacting MJ price | MJ will decline at least -1.15% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.15% (StdDev 2.3%) |
Hourly BBV | 2.3 () |
Intraday Trend | 3.2% |
| |
|
|