Trading Signals: MJ Stock Price Prediction and Forecast

^ MJ: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Thu. Feb. 23, 2017

Trading Signals: MJ Stock Price Prediction and Forecast (Thu. Dec. 3, 2015 - Wed. Sep. 14, 2022)

(ETFMG Alternative Harvest ETF)
MJ latest price $27.9900 (0.18%) ($27.7200 - $28.1900) on Thu. Feb. 23, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.56% (three month average)
RSI   78
Latest Price   $27.9900(0.18%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 0.1% a day on average for past five trading days.
Weekly Trend   MJ advances 1.7% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support MJ advance at 0% a week (0% probability)
IYT(43%)    IVE(35%)    IWD(35%)    VT(34%)    VYM(34%)
Factors Impacting MJ price   MJ will decline at least -0.78% in a week (0% probabilities).
UUP(-15%)    VIXM(-14%)    TLT(-13%)    SHY(-2%)    IPO(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.78% (StdDev 1.56%)
Hourly BBV 0 ()
Intraday Trend 1%

5 Day Moving Average   $27.78(0.76%)
10 Day Moving Average   $27.64(1.27%)
20 Day Moving Average   $27.04(3.51%)
To recent high   -0.3%
To recent low   15.7%
Market Cap   $N/A

$. MJ price fluctuates within 2.74% (three month std-dev: 1.56%) daily (68% of days).

Sample size 46 Average positive next day return: 0.84%(57%) Average negative next day return: -0.63%(43%) Sample size 46 Average positive next three day return: 1.93%(46%) Average negative next three day return: -1.31%(54%) Sample size 46 Average positive next weekly return: 2.71%(50%) Average negative next weekly return: -1.81%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170323

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Feb_23_2017	27.91	27.04	27.64	27.78	27.75	27.96	27.99(0.18%)	UT	HoldLong	65	0.3	23	50	7	70	0	32%	-0.11	77.7	1.56%	0	1.3	78	0
2	Feb_22_2017	27.94	26.95	27.53	27.74	27.66	27.86	27.94(-0.43%)	UD	OpenLong	75	0.3	32	40	16	80	0	32%	-0.11	85.2	1.56%	0	1.4	80	0
3	Feb_21_2017	27.97	26.84	27.42	27.65	27.58	27.54	28.06(2.52%)	UT	HoldLong	65	0.6	28	-20	9	85	0	32%	-0.18	88.4	1.56%	0	1.7	85	0
4	Feb_17_2017	28.02	26.72	27.3	27.65	27.51	27.47	27.37(-0.69%)	UD	OpenLong	65	-0.2	18	-10	-5	88	0	22%	-0.14	85.4	1.52%	0	0.9	82	0
5	Feb_16_2017	28.06	26.62	27.26	27.54	27.49	27.62	27.56(-0.68%)	UD	OpenLong	75	0	33	30	7	111	0	22%	-0.11	79.2	1.52%	0	1.1	87	0

6	Feb_15_2017	28.09	26.48	27.16	27.46	27.45	27.55	27.75(0.8%)	UT	HoldLong	65	0.3	43	20	17	121	0	33%	-0.07	75.1	1.52%	0	1.5	93	0
7	Feb_14_2017	28.11	26.34	27.01	27.29	27.31	27.37	27.53(0.11%)	UT	HoldLong	65	0.3	35	20	11	106	0	33%	-0.11	73.7	1.56%	0	1.4	78	0
8	Feb_13_2017	28.14	26.22	26.85	27.15	27.16	27.34	27.5(0.44%)	UT	HoldLong	65	0.4	33	50	11	99	0.01	33%	-0.11	73.4	1.56%	0	1.6	81	0
9	Feb_10_2017	28.17	26.1	26.69	27.03	27.01	27.25	27.38(0.85%)	UT	HoldLong	65	0.5	33	60	14	89	0	22%	-0.11	73.2	1.65%	0	1.7	80	0
10	Feb_9_2017	28.2	25.98	26.54	26.95	26.89	26.98	27.15(1%)	UT	HoldLong	65	0.3	30	20	12	83	0	20%	-0.07	74.4	1.85%	0	1.6	84	0

11	Feb_8_2017	28.22	25.85	26.4	26.82	26.83	26.78	26.88(0.19%)	UT	HoldLong	65	0.1	27	-10	7	85	0	27%	-0.11	69.2	1.9%	0	1.4	85	0
12	Feb_7_2017	28.25	25.74	26.32	26.69	26.71	26.79	26.83(-0.22%)	UD	OpenLong	75	0.2	28	20	8	88	0	27%	-0.11	66.2	1.95%	0	1.5	80	0
13	Feb_6_2017	28.28	25.64	26.21	26.5	26.52	26.88	26.89(-0.33%)	UD	OpenLong	75	0.6	36	100	18	88	0	27%	-0.07	67.4	1.95%	0	1.8	73	0
14	Feb_3_2017	28.3	25.54	26.1	26.3	26.29	26.63	26.98(1.66%)	UT	OpenLong	75	1.1	40	90	24	87	0	27%	-0.11	68.9	1.95%	0	2.3	75	0
15	Feb_2_2017	28.33	25.44	25.91	26.08	26.05	26.16	26.54(1.3%)	UT	OpenLong	75	0.8	29	30	14	72	0	24%	-0.14	70	1.94%	0	2	73	0

16	Feb_1_2017	28.37	25.35	25.73	25.92	25.94	25.95	26.2(1.16%)	UT	OpenLong	75	0.5	16	10	2	57	0	24%	-0.14	46.8	2.01%	0	1.7	75	0
17	Jan_31_2017	28.41	25.26	25.61	25.89	25.94	25.95	25.9(0.12%)	UT	OpenLong	75	0	16	10	1	59	0	24%	-0.18	23.2	2%	0	1.3	69	0
18	Jan_30_2017	28.46	25.18	25.54	25.87	25.9	25.94	25.87(-0.04%)	UD	OpenLong	75	0	18	10	3	62	0	24%	-0.18	-6.3	2%	0	1.4	63	0
19	Jan_27_2017	28.51	25.11	25.46	25.86	25.85	25.94	25.88(0.5%)	UT	OpenLong	75	0	22	0	7	65	0	24%	-0.21	-31.2	2%	0	1.5	63	0
20	Jan_26_2017	28.57	25.05	25.37	25.72	25.76	25.86	25.75(-1.23%)	UD	OpenLong	75	0.1	23	30	11	60	0	23%	-0.21	-62.5	2%	0	1.5	62	0

21	Jan_25_2017	28.63	25.11	25.26	25.51	25.59	25.85	26.07(1.05%)	UT	OpenLong	75	1.2	26	80	19	48	0	25%	-0.17	-78.1	2%	0	2.1	70	0
22	Jan_24_2017	28.68	25.15	25.12	25.27	25.27	25.66	25.8(0.08%)	UT	OpenLong	75	0.8	20	110	16	33	0	25%	-0.1	-66.7	2%	0	1	70	0
23	Jan_23_2017	28.71	25.21	25.03	25.15	25.06	25.33	25.78(2.38%)	UT	OpenLong	75	1	22	60	18	35	0.01	25%	-0.21	-79.1	2%	0	0.9	74	0
24	Jan_20_2017	28.77	25.27	24.94	25.02	24.98	24.88	25.18(1.9%)	UT	OpenLong	75	0.2	10	-30	4	27	0	21%	-0.17	-72.3	1.97%	0	-0.1	62	0
25	Jan_19_2017	28.82	25.36	24.91	24.98	24.97	24.8	24.71(-0.76%)	N/A	N/A	0	-0.3	0	-50	-7	23	0	21%		-67.7	1.95%	0	-0.7	51	0
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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