| MJ latest price $11.2800 (-2.84%) ($11.2700 - $11.6100) on Tue. Dec. 28, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.66% (three month average) |
RSI | 41 |
Latest Price | $11.2800(-2.84%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(77%) IPO(76%) IWM(76%) IWO(76%) ARKK(75%) |
Factors Impacting MJ price | MJ will decline at least -1.33% in a week (0% probabilities). VIXM(-65%) VXX(-49%) 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 | -1.33% (StdDev 2.66%) |
Hourly BBV | -1.6 () |
Intraday Trend | -1.8% |
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