Trading Signals: MJ Stock Price Prediction and Forecast

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

Wed. May. 17, 2017

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

(ETFMG Alternative Harvest ETF)
MJ latest price $30.8700 (-0.71%) ($30.5200 - $30.8700) on Wed. May. 17, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.06% (three month average)
RSI   76
Latest Price   $30.8700(-0.71%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 0.3% a day on average for past five trading days.
Weekly Trend   MJ advances 2.2% 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)
IYT(43%)    IVE(35%)    IWD(35%)    PAVE(34%)    VT(34%)
Factors Impacting MJ price   MJ will decline at least -0.53% in a week (0% probabilities).
UUP(-15%)    VIXM(-13%)    TLT(-13%)    SHY(-2%)    IGOV(0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.53% (StdDev 1.06%)
Hourly BBV 0 ()
Intraday Trend 1.1%

5 Day Moving Average   $30.84(0.1%)
10 Day Moving Average   $30.38(1.61%)
20 Day Moving Average   $29.95(3.07%)
To recent high   -0.7%
To recent low   14%
Market Cap   $N/A

$. MJ price fluctuates within 2.07% (three month std-dev: 1.06%) daily (68% of days).

Sample size 6 Average positive next day return: 1.91%(83%) Average negative next day return: -0.51%(17%) Sample size 6 Average positive next three day return: 4.41%(50%) Average negative next three day return: -0.54%(50%) Sample size 6 Average positive next weekly return: 4.16%(67%) Average negative next weekly return: -0.7%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170617

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	May_17_2017	27.76	29.95	30.38	30.84	30.88	30.89	30.87(-0.71%)	UD	OpenLong	65	0	29	10	-2	121	0	74%	0.14	64.7	1.06%	0	1.5	76	0
2	May_16_2017	27.72	29.87	30.28	30.76	30.85	31.06	31.09(0.36%)	UT	HoldLong	65	0.6	54	60	26	137	0	74%	0.14	64.6	1.06%	0	2.1	81	0
3	May_15_2017	27.68	29.79	30.17	30.55	30.68	30.88	30.98(0.85%)	UT	OpenLong	75	0.8	59	60	36	129	0	74%	0.11	65.7	1.06%	0	2.3	67	0
4	May_12_2017	27.65	29.71	30.02	30.27	30.43	30.63	30.72(0.59%)	UT	OpenLong	75	1	47	60	30	99	0	74%	0.14	64.2	1.04%	0	2.2	66	0
5	May_11_2017	27.61	29.63	29.87	30.04	30.16	30.47	30.54(0.3%)	UT	OpenLong	75	1.3	42	80	30	78	0	74%	0.15	54.8	1.05%	0	2.3	70	0

6	May_10_2017	27.57	29.55	29.74	29.86	29.91	30.23	30.45(1.3%)	UT	OpenLong	75	1.6	38	80	31	59	0	74%	0.11	45.9	1.06%	0	2.5	67	0
7	May_9_2017	27.54	29.49	29.61	29.86	29.72	29.84	30.06(1.55%)	UT	OpenLong	75	1.1	19	30	12	38	0	73%	0.11	51	1.05%	0	2	61	0
8	May_8_2017	27.51	29.45	29.61	29.74	29.7	29.59	29.6(0.14%)	UD	OpenLong	65	-0.5	8	-30	-2	36	0	71%	0.07	62.5	1.04%	0	0.6	50	0
9	May_5_2017	27.49	29.43	29.57	29.72	29.81	29.6	29.56(-0.17%)	UD	OpenLong	65	-0.6	4	-40	-6	34	0	71%	0.07	67.4	1.03%	0	0.5	50	0
10	May_4_2017	27.47	29.41	29.53	29.66	29.82	29.8	29.61(-0.8%)	UD	OpenLong	65	-0.2	5	10	-4	30	0	71%	0.04	72.8	1.04%	0	0.7	59	0

11	May_3_2017	27.46	29.39	29.5	29.59	29.72	30.03	29.85(-0.8%)	UD	OpenLong	75	1	25	90	22	35	0	71%	0.07	81.5	1.04%	0	1.7	62	0
12	May_2_2017	27.44	29.35	29.44	29.47	29.55	29.83	30.09(2%)	UT	OpenLong	75	2.4	30	70	31	26	0	71%	0.07	83.1	1.05%	0	2.8	60	0
13	May_1_2017	27.42	29.29	29.38	29.39	29.55	29.42	29.5(0.85%)	UT	OpenLong	75	0.5	8	20	6	14	0	68%	0.07	116.2	1.03%	0	1.1	55	0
14	Apr_28_2017	27.4	29.25	29.39	29.41	29.33	29.27	29.25(0%)	UD	OpenLong	65	-0.7	6	-20	-0	22	0	68%	0.04	117.1	1.02%	0	0	53	0
15	Apr_27_2017	27.39	29.22	29.37	29.41	29.46	29.24	29.25(0%)	N/A	N/A	0	-0.4	-1	-40	-6	15	0	68%	0.07	107.1	1.03%	0	0.1	53	0

16	Apr_26_2017	27.37	29.17	29.36	29.38	29.42	29.39	29.25(-1.52%)	CR	SmallShort	-20	-0.4	-9	-0	-15	9	0	68%	0.07	92.7	1.03%	0	0.2	51	0
17	Apr_25_2017	27.35	29.13	29.37	29.4	29.43	29.67	29.7(0.3%)	UT	OpenLong	75	0.8	17	60	13	30	0	74%	0.11	88.8	1.02%	0	1.5	65	0
18	Apr_24_2017	27.32	29.06	29.32	29.38	29.4	29.46	29.61(1.72%)	UT	OpenLong	75	0.6	20	20	15	33	0	74%	0.07	79.4	1.03%	0	1.3	64	0
19	Apr_21_2017	27.3	28.97	29.32	29.37	29.37	29.18	29.11(-0.41%)	UD	OpenLong	65	-0.6	3	-50	-7	32	0	75%	0.11	63.6	1.04%	0	0.3	64	0
20	Apr_20_2017	27.27	28.91	29.32	29.36	29.38	29.34	29.23(-0.41%)	UD	OpenLong	65	-0.2	6	-10	-7	43	0	75%	0.04	49.2	1.04%	0	0.6	69	0

21	Apr_19_2017	27.26	28.84	29.28	29.36	29.33	29.55	29.35(-0.81%)	UD	OpenLong	75	0	21	50	7	64	0	75%	0.07	41.3	1.06%	0	0.9	76	0
22	Apr_18_2017	27.24	28.79	29.25	29.33	29.29	29.42	29.59(0.1%)	UT	HoldLong	65	0.4	36	30	21	82	0	75%	0.07	46.3	1.06%	0	1.4	78	0
23	Apr_17_2017	27.22	28.74	29.19	29.26	29.2	29.12	29.56(1.76%)	UT	HoldLong	65	0.6	23	-30	3	81	0	75%	0.07	53.7	1.07%	0	1.5	78	0
24	Apr_13_2017	27.2	28.68	29.1	29.18	29.22	29.16	29.05(-0.17%)	UD	OpenLong	75	-0.3	147	-10	147	148	0	72%	0.07	58.6	1.06%	0	0.7	81	0
25	Apr_12_2017	27.18	28.65	29.05	29.2	23.78	29.29	29.1(-0.85%)	UD	OpenLong	75	-0.2	27	1070	-0	107	0.01	72%		73.1	1.06%	0	0.9	82	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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