| MJ latest price $6.1300 (1.32%) ($5.9200 - $6.1950) on Mon. Aug. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 54 |
Latest Price | $6.1300(1.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.3% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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) IVW(99%) VT(98%) DIA(96%) EWY(96%) IBUY(96%) |
Factors Impacting MJ price | MJ will decline at least -1.55% in a week (0% probabilities). TBT(-25%) SHY(43%) TIP(43%) UUP(-70%) USO(23%) |
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 | -1.55% (StdDev 3.1%) |
Hourly BBV | -0.1 () |
Intraday Trend | 3.4% |
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