| MJ latest price $14.8500 (-1.98%) ($14.5600 - $15.0850) on Tue. Nov. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.27% (three month average) |
RSI | 63 |
Latest Price | $14.8500(-1.98%) |
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 3.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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%) BLOK(73%) |
Factors Impacting MJ price | MJ will decline at least -1.135% in a week (0% probabilities). VIXM(-59%) VXX(-43%) UUP(-31%) TLT(-10%) 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 | -1.135% (StdDev 2.27%) |
Hourly BBV | -0.6 () |
Intraday Trend | -1.5% |
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