| MJ latest price $5.8300 (3.55%) ($5.6800 - $5.8800) on Fri. Sep. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.14% (three month average) |
RSI | 47 |
Latest Price | $5.8300(3.55%) |
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 -2.9% 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) SPLV(59%) USO(22%) UUP(-95%) TIP(64%) TBT(-103%) |
Factors Impacting MJ price | MJ will decline at least -1.57% in a week (0% probabilities). EDOC(7%) LQD(69%) BNDX(38%) BND(69%) EMHY(81%) |
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 | -1.57% (StdDev 3.14%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.5% |
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