| MJ latest price $6.3700 (6.34%) ($6.0100 - $6.3700) on Thu. Aug. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.08% (three month average) |
RSI | 56 |
Latest Price | $6.3700(6.34%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.5% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.9% 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) VFMO(97%) GDXJ(96%) DIA(95%) EWJ(95%) IPO(95%) |
Factors Impacting MJ price | MJ will decline at least -1.54% in a week (0% probabilities). UUP(-72%) TBT(-25%) USO(15%) TIP(31%) SHY(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 | -1.54% (StdDev 3.08%) |
Hourly BBV | 1.9 () |
Intraday Trend | 6% |
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