| MJ latest price $15.8300 (1.6%) ($15.3480 - $15.9750) on Thu. Dec. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.26% (three month average) |
RSI | 82 |
Latest Price | $15.8300(1.6%) |
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 8.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth 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 -1.63% 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 | -1.63% (StdDev 3.26%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.3% |
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