| MJ latest price $9.7000 (-3.19%) ($9.6950 - $10.0100) on Thu. Feb. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.82% (three month average) |
RSI | 32 |
Latest Price | $9.7000(-3.19%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.8% a day on average for past five trading days. |
Weekly Trend | MJ declines -2.5% a week on average for past two weeks. |
Market Behavior | Broad based 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) BLOK(77%) IBUY(77%) IWO(77%) IWM(76%) IPO(75%) |
Factors Impacting MJ price | MJ will decline at least -1.41% in a week (0% probabilities). VIXM(-65%) VXX(-47%) UUP(-37%) TLT(-8%) UNG(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -1.41% (StdDev 2.82%) |
Hourly BBV | -1.8 () |
Intraday Trend | -2% |
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