| MJ latest price $6.0700 (-0.33%) ($5.9000 - $6.1300) on Fri. Aug. 5, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.97% (three month average) |
RSI | 57 |
Latest Price | $6.0700(-0.33%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.5% a day on average for past five trading days. |
Weekly Trend | MJ declines -0.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support MJ advance at 0% a week (0% probability) IVE(95%) QQQ(89%) IWO(84%) IBUY(82%) SPY(82%) |
Factors Impacting MJ price | MJ will decline at least -1.485% in a week (0% probabilities). UUP(-43%) TBT(-22%) USO(13%) XLE(25%) XOP(27%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | |
| |
Market Trend Strength | -1.485% (StdDev 2.97%) |
Hourly BBV | -1 () |
Intraday Trend | 1.7% |
| |
|
|