| MJ latest price $11.4500 (-0.35%) ($11.2450 - $11.5000) on Wed. Dec. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 47 |
Latest Price | $11.4500(-0.35%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.7% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(77%) IPO(76%) IWO(76%) IWM(75%) ARKK(74%) |
Factors Impacting MJ price | MJ will decline at least -1.315% in a week (0% probabilities). VIXM(-63%) VXX(-48%) UUP(-32%) TLT(-9%) UNG(-4%) |
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 | -1.315% (StdDev 2.63%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0.4% |
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