| MJ latest price $13.8500 (1.39%) ($13.7300 - $15.5130) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.88% (three month average) |
RSI | 71 |
Latest Price | $13.8500(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 4.1% a day on average for past five trading days. |
Weekly Trend | MJ advances 6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -1.44% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-27%) TLT(-11%) IGOV(-2%) |
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 | -1.44% (StdDev 2.88%) |
Hourly BBV | 0.3 () |
Intraday Trend | -10.4% |
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