| MJ latest price $5.5800 (1.64%) ($5.4200 - $5.5900) on Thu. Sep. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.15% (three month average) |
RSI | 43 |
Latest Price | $5.5800(1.64%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | MJ advances 0.2% a day on average for past five trading days. |
Weekly Trend | MJ declines -3.2% 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) EEM(97%) ARKG(92%) IDRV(92%) SDY(91%) VWO(90%) |
Factors Impacting MJ price | MJ will decline at least -1.575% in a week (0% probabilities). XRT(373%) BND(73%) XLRE(64%) BNDX(40%) USO(17%) |
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 | -1.575% (StdDev 3.15%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
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