| MJ latest price $6.5900 (0.3%) ($6.4400 - $6.6900) on Tue. Aug. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.99% (three month average) |
RSI | 71 |
Latest Price | $6.5900(0.3%) |
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 3.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) ACES(94%) SPY(90%) IBUY(88%) IWF(88%) IWO(86%) |
Factors Impacting MJ price | MJ will decline at least -1.495% in a week (0% probabilities). UUP(-53%) TBT(-37%) USO(11%) XOP(31%) XLE(36%) |
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 | -1.495% (StdDev 2.99%) |
Hourly BBV | 0.9 () |
Intraday Trend | -1.2% |
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