| MJ latest price $11.4800 (2.32%) ($10.9450 - $11.5250) on Fri. Dec. 17, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.62% (three month average) |
RSI | 40 |
Latest Price | $11.4800(2.32%) |
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 declines -1.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(77%) IPO(76%) IWO(76%) ARKK(75%) IWM(75%) |
Factors Impacting MJ price | MJ will decline at least -1.31% in a week (0% probabilities). VIXM(-63%) VXX(-47%) UUP(-33%) TLT(-9%) 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 | -1.31% (StdDev 2.62%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.9% |
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