| MJ latest price $11.1600 (-1.33%) ($11.0900 - $11.4700) on Wed. Jan. 12, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.74% (three month average) |
RSI | 46 |
Latest Price | $11.1600(-1.33%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.7% a day on average for past five trading days. |
Weekly Trend | MJ declines -1.8% a week on average for past two weeks. |
Market Behavior | Growth stock 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) BLOK(77%) IBUY(77%) IWM(76%) IWO(76%) IPO(75%) |
Factors Impacting MJ price | MJ will decline at least -1.37% in a week (0% probabilities). VIXM(-66%) VXX(-50%) UUP(-34%) TLT(-10%) UNG(-2%) |
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 | -1.37% (StdDev 2.74%) |
Hourly BBV | -0.1 () |
Intraday Trend | -1.7% |
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