Trading Signals: MJ Stock Price Prediction and Forecast

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

Tue. Jan. 23, 2018

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

(ETFMG Alternative Harvest ETF)
MJ latest price $38.8400 (2.24%) ($37.8500 - $38.9500) on Tue. Jan. 23, 2018.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.49% (three month average)
RSI   59
Latest Price   $38.8400(2.24%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 2% a day on average for past five trading days.
Weekly Trend   MJ advances 0.6% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support MJ advance at 0% a week (0% probability)
IYT(45%)    IVE(36%)    IWD(36%)    PAVE(35%)    VT(35%)
Factors Impacting MJ price   MJ will decline at least -1.245% in a week (0% probabilities).
UUP(-16%)    TLT(-14%)    VIXM(-13%)    VXX(-5%)    SHY(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.245% (StdDev 2.49%)
Hourly BBV 0 ()
Intraday Trend -0.1%

5 Day Moving Average   $37.04(4.86%)
10 Day Moving Average   $36.55(6.27%)
20 Day Moving Average   $35.28(10.09%)
To recent high   0%
To recent low   34%
Market Cap   $N/A

$. MJ price fluctuates within 7.28% (three month std-dev: 2.49%) daily (68% of days).

Sample size 19 Average positive next day return: 7.23%(53%) Average negative next day return: -2.78%(47%) Sample size 19 Average positive next three day return: 8.45%(63%) Average negative next three day return: -4.46%(37%) Sample size 19 Average positive next weekly return: 8.94%(79%) Average negative next weekly return: -7.95%(21%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20180223

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	Jan_23_2018	31.53	35.28	36.55	37.04	37.07	38.08	38.84(2.24%)	UT	OpenLong	75	0.7	44	190	48	33	2.28	65%	0.22	77.2	2.49%	0	1.4	59	0.1
2	Jan_22_2018	31.46	34.81	36.46	36.32	36.34	36.94	37.99(4.14%)	UT	OpenLong	75	0.7	42	120	43	39	1.26	65%	0.22	71.4	2.5%	0	1.3	66	0.9
3	Jan_19_2018	31.39	34.38	36.29	35.44	35.87	36.07	36.48(1.14%)	UT	OpenLong	75	0.4	18	80	16	23	0.48	63%	0.16	55.8	2.46%	0	0.8	65	1
4	Jan_18_2018	31.34	34.04	36.19	35.28	35.37	35.74	36.07(0.67%)	UT	HoldLong	50	0.3	4	80	-8	41	0.66	63%	0.19	50.5	2.46%	0	0.7	69	0
5	Jan_17_2018	31.28	33.73	36.35	35.59	35.55	35.68	35.83(1.7%)	UT	HoldLong	50	0.1	25	20	-2	106	0.82	63%	0.13	51.9	2.46%	0	0.7	68	0

6	Jan_16_2018	31.24	33.4	36.34	36	36.07	35	35.23(4.91%)	UD	OpenLong	65	-0.2	16	-200	-31	158	1.59	63%	0.16	54.4	2.45%	0	0.5	69	0
7	Jan_12_2018	31.19	33.11	36.13	36.64	36.72	35.43	33.58(-5.94%)	UD	OpenLong	65	-0.9	8	-240	-60	213	2.85	61%	0.06	58.6	2.36%	0	0.1	67	0
8	Jan_11_2018	31.17	32.9	36.04	37.21	37.6	37.14	35.7(-5.03%)	UD	OpenLong	65	-0.4	64	-50	-16	304	2.03	66%	0.16	62.1	2.23%	0	0.8	74	0
9	Jan_10_2018	31.12	32.58	35.54	37.17	37.41	38.01	37.59(-0.82%)	UD	OpenLong	75	0.1	90	130	5	345	0.92	72%	0.19	61.7	2.13%	0	1.4	80	0
10	Jan_9_2018	31.06	32.14	34.83	37.21	36.93	38.06	37.9(-1.35%)	UD	OpenLong	75	0.2	129	190	44	384	3.11	68%	0.23	64.6	2.13%	0	1.7	78	0

11	Jan_8_2018	30.99	31.68	33.98	36.74	36.73	36.82	38.42(5.4%)	UT	HoldLong	65	0.5	145	20	66	381	2.82	68%	0.26	64.6	2.16%	0	2.1	81	0
12	Jan_5_2018	30.91	31.19	33.04	35.57	35.89	35.81	36.45(2.76%)	UT	HoldLong	65	0.3	94	10	16	327	2.54	65%	0.19	60.9	2.06%	0	1.8	79	0
13	Jan_4_2018	30.85	30.81	32.31	34.68	35.15	36.64	35.47(-6.19%)	UD	OpenLong	75	0.3	126	340	64	312	6.67	64%	0.13	56.3	2.03%	0	1.8	77	0
14	Jan_3_2018	30.81	30.49	31.69	33.61	34.03	35.97	37.81(6.3%)	UT	HoldLong	65	1.8	181	440	138	309	6	73%	0.23	48	1.87%	0	3.1	89	0
15	Jan_2_2018	30.74	30.04	30.82	32.1	32.44	33.66	35.57(9.21%)	UT	HoldLong	65	2.1	139	300	108	232	4.9	68%	0.16	43.2	1.71%	0	3.4	86	0

16	Dec_29_2017	30.69	29.71	30.13	30.83	31.64	32.08	32.57(1.78%)	UT	HoldLong	65	1.9	114	180	91	182	1.86	61%	0.03	35.5	1.27%	0	3.1	80	0
17	Dec_28_2017	30.68	29.54	29.76	30.15	30.74	31.22	32(6.28%)	UT	HoldLong	65	2.8	59	170	44	104	1.01	58%	0.03	20.5	1.25%	0	3.8	78	0
18	Dec_27_2017	30.67	29.41	29.45	29.59	30.19	31.2	30.11(-0.4%)	UD	OpenLong	75	1.6	73	300	73	74	0.4	45%	-0.03	-4.5	0.97%	0	2.1	61	0
19	Dec_26_2017	30.68	29.39	29.36	29.44	29.75	30.26	30.23(3.39%)	UT	OpenLong	75	2.5	69	150	74	52	0.28	45%	-0.03	-13.3	1%	0	2.7	58	0
20	Dec_22_2017	30.69	29.36	29.25	29.34	29.31	29.18	29.24(0.27%)	N/A	N/A	0	-0.4	-4	-30	-6	1	0.02	35%	-0.07	-25	0.9%	0	-0.4	41	0

21	Dec_21_2017	30.71	29.38	29.25	29.32	29.45	29.24	29.16(-0.14%)	DT	OpenShort	-75	-0.6	-10	-40	-9	-12	0.02	35%	-0.07	-22.8	0.9%	0	-0.8	42	0
22	Dec_20_2017	30.73	29.4	29.23	29.3	29.44	29.43	29.2(-0.61%)	DT	OpenShort	-75	-0.4	-12	10	-9	-20	0.01	38%	-0.07	-16.3	0.9%	0	-0.7	47	0
23	Dec_19_2017	30.75	29.42	29.24	29.28	29.39	29.65	29.38(-1.21%)	N/A	N/A	0	0.4	5	70	14	-21	0.01	36%	-0.06	-12.5	0.91%	0	-0.2	41	0
24	Dec_18_2017	30.77	29.42	29.26	29.27	29.34	29.44	29.74(2.09%)	RB	SmallLong	20	1.7	19	30	33	-24	0.02	38%	-0.06	-12	0.91%	0	1.1	43	0
25	Dec_15_2017	30.79	29.43	29.23	29.14	29.17	29.13	29.13(0.34%)	DP	OpenShort	-75	-0	-20	-10	-6	-62	0.01	36%		-25	0.87%	0	-1.1	36	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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