| MJ latest price $10.7400 (0.09%) ($10.3900 - $11.0800) on Thu. Feb. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.76% (three month average) |
RSI | 64 |
Latest Price | $10.7400(0.09%) |
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 3.6% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(77%) BLOK(76%) IWO(76%) DRIV(75%) IPO(75%) |
Factors Impacting MJ price | MJ will decline at least -1.38% in a week (0% probabilities). VIXM(-64%) VXX(-46%) UUP(-35%) TLT(-8%) 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 | -1.38% (StdDev 2.76%) |
Hourly BBV | 0.7 () |
Intraday Trend | 2.3% |
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