| MJ latest price $15.0000 (-5.24%) ($14.9350 - $16.2000) on Tue. Dec. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.24% (three month average) |
RSI | 72 |
Latest Price | $15.0000(-5.24%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 2% a day on average for past five trading days. |
Weekly Trend | MJ advances 7.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IWC(62%) IWO(61%) IBUY(60%) IWM(60%) ARKK(57%) |
Factors Impacting MJ price | MJ will decline at least -1.62% in a week (0% probabilities). VIXM(-39%) VXX(-36%) UUP(-26%) TLT(-11%) IGOV(-0%) |
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 | -1.62% (StdDev 3.24%) |
Hourly BBV | 0.4 () |
Intraday Trend | -7.4% |
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