| MJ latest price $7.7800 (2.1%) ($7.5400 - $7.8600) on Thu. May. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.26% (three month average) |
RSI | 46 |
Latest Price | $7.7800(2.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 1.4% a day on average for past five trading days. |
Weekly Trend | MJ declines -2.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) BLOK(77%) IBUY(77%) ONLN(76%) IPO(75%) IWO(75%) |
Factors Impacting MJ price | MJ will decline at least -1.63% in a week (0% probabilities). VIXM(-77%) VXX(-39%) UUP(-33%) UNG(-10%) TLT(-8%) |
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 | -1.63% (StdDev 3.26%) |
Hourly BBV | -0.4 () |
Intraday Trend | 2.9% |
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