| MJ latest price $11.4500 (-2.22%) ($11.4200 - $11.9300) on Fri. Dec. 10, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.61% (three month average) |
RSI | 31 |
Latest Price | $11.4500(-2.22%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -4.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IBUY(78%) IWO(77%) IPO(76%) IWM(76%) ARKK(75%) |
Factors Impacting MJ price | MJ will decline at least -1.305% in a week (0% probabilities). VIXM(-63%) VXX(-49%) UUP(-32%) TLT(-11%) UNG(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.305% (StdDev 2.61%) |
Hourly BBV | -1.5 () |
Intraday Trend | -3% |
| |
|
|