| MJ latest price $10.9000 (2.16%) ($10.5400 - $11.0900) on Tue. Mar. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 68 |
Latest Price | $10.9000(2.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.9% a day on average for past five trading days. |
Weekly Trend | MJ advances 10.1% 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) BLOK(74%) IBUY(74%) IWO(74%) IWM(73%) BOTZ(72%) |
Factors Impacting MJ price | MJ will decline at least -1.575% in a week (0% probabilities). VIXM(-67%) VXX(-44%) UUP(-32%) TLT(-6%) UNG(-2%) |
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 | -1.575% (StdDev 3.15%) |
Hourly BBV | 0.7 () |
Intraday Trend | 1.4% |
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