| MJ latest price $8.5900 (3.25%) ($8.1000 - $8.5900) on Wed. May. 4, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 30 |
Latest Price | $8.5900(3.25%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -4.3% 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(79%) IBUY(79%) ONLN(78%) BOTZ(77%) IPO(77%) |
Factors Impacting MJ price | MJ will decline at least -1.55% in a week (0% probabilities). VIXM(-72%) VXX(-45%) UUP(-33%) TLT(-6%) UNG(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -1.55% (StdDev 3.1%) |
Hourly BBV | 2.8 () |
Intraday Trend | 3% |
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