| MJ latest price $21.6200 (3.4%) ($20.8580 - $21.6600) on Wed. Jun. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 71 |
Latest Price | $21.6200(3.4%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1% a day on average for past five trading days. |
Weekly Trend | MJ advances 3.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(74%) IWO(74%) IWM(73%) IWC(72%) ARKK(71%) |
Factors Impacting MJ price | MJ will decline at least -1.3% in a week (0% probabilities). VIXM(-56%) VXX(-43%) UUP(-29%) TLT(-15%) UNG(1%) |
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 | -1.3% (StdDev 2.6%) |
Hourly BBV | 1 () |
Intraday Trend | 2.4% |
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