| MJ latest price $11.4300 (0.79%) ($11.3500 - $11.6300) on Wed. Oct. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.26% (three month average) |
RSI | 67 |
Latest Price | $11.4300(0.79%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | MJ advances 1.8% a week on average for past two weeks. |
Market Behavior | Value stocks 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) XLF(11%) DIA(10%) IVE(10%) IWD(10%) XAR(10%) |
Factors Impacting MJ price | MJ will decline at least -1.13% in a week (0% probabilities). TAN(-10%) XBI(-6%) UUP(-5%) TLT(-5%) ICLN(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.13% (StdDev 2.26%) |
Hourly BBV | 0 () |
Intraday Trend | 0.4% |
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