| MJ latest price $6.0500 (-5.02%) ($6.0300 - $6.3400) on Fri. Aug. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.12% (three month average) |
RSI | 45 |
Latest Price | $6.0500(-5.02%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -2.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) EWJ(99%) GDXJ(98%) VFMO(98%) IPO(97%) IVW(96%) |
Factors Impacting MJ price | MJ will decline at least -1.56% in a week (0% probabilities). UUP(-72%) TBT(-24%) USO(16%) TIP(30%) 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 | -1.56% (StdDev 3.12%) |
Hourly BBV | -0.2 () |
Intraday Trend | -4.6% |
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