| MJ latest price $21.3900 (-1.06%) ($21.3200 - $22.2700) on Thu. Jun. 3, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.56% (three month average) |
RSI | 75 |
Latest Price | $21.3900(-1.06%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.3% 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 | Growth stock sell-off for large cap. Broad based sell-off 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 -1.28% 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 | -1.28% (StdDev 2.56%) |
Hourly BBV | 0.4 () |
Intraday Trend | -2.1% |
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