| MJ latest price $6.3300 (2.93%) ($6.1560 - $6.3500) on Fri. Aug. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 60 |
Latest Price | $6.3300(2.93%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.8% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.1% 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) IWF(86%) QQQ(95%) SPY(87%) IBUY(85%) ACES(84%) |
Factors Impacting MJ price | MJ will decline at least -1.53% in a week (0% probabilities). UUP(-50%) TBT(-32%) USO(10%) XOP(27%) XLE(28%) |
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 | -1.53% (StdDev 3.06%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.1% |
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