| MJ latest price $8.3200 (-0.6%) ($8.2400 - $8.4700) on Tue. May. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.1% (three month average) |
RSI | 30 |
Latest Price | $8.3200(-0.6%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.4% a day on average for past five trading days. |
Weekly Trend | MJ declines -5.4% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) BLOK(79%) IBUY(79%) IWO(78%) ONLN(78%) BOTZ(77%) |
Factors Impacting MJ price | MJ will decline at least -1.55% in a week (0% probabilities). VIXM(-73%) VXX(-45%) UUP(-33%) TLT(-6%) UNG(-4%) |
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 | -1.55% (StdDev 3.1%) |
Hourly BBV | 0.4 () |
Intraday Trend | -0.2% |
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