| MJ latest price $5.8400 (-4.73%) ($5.8000 - $6.1600) on Tue. Aug. 30, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.12% (three month average) |
RSI | 44 |
Latest Price | $5.8400(-4.73%) |
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 -2.3% 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) IVW(98%) VT(98%) DIA(96%) EWY(96%) IBUY(96%) |
Factors Impacting MJ price | MJ will decline at least -1.56% 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 | -1.56% (StdDev 3.12%) |
Hourly BBV | -1.7 () |
Intraday Trend | -4.9% |
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