| MJ latest price $6.5000 (3.83%) ($6.3400 - $6.5300) on Fri. Jun. 24, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.03% (three month average) |
RSI | 37 |
Latest Price | $6.5000(3.83%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.8% a day on average for past five trading days. |
Weekly Trend | MJ declines -5.2% 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(78%) IPO(77%) ONLN(75%) IWO(73%) |
Factors Impacting MJ price | MJ will decline at least -1.515% in a week (0% probabilities). VXX(-62%) UUP(-27%) UNG(-7%) TLT(-3%) TBT(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 | -1.515% (StdDev 3.03%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.4% |
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