| MJ latest price $11.6500 (1.92%) ($11.2900 - $11.7000) on Tue. Nov. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.35% (three month average) |
RSI | 57 |
Latest Price | $11.6500(1.92%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.1% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.7% 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) IBUY(60%) IWC(60%) IWO(60%) IWM(59%) DRIV(57%) |
Factors Impacting MJ price | MJ will decline at least -1.175% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-27%) TLT(-11%) IGOV(-6%) |
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 | -1.175% (StdDev 2.35%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.2% |
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