Trading Signals: MJ Stock Price Prediction and Forecast

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

Tue. Aug. 18, 2020

Trading Signals: MJ Stock Price Prediction and Forecast (Thu. Dec. 3, 2015 - Fri. Jan. 15, 2021)

(ETFMG Alternative Harvest ETF)
MJ latest price $12.6900 (-0.24%) ($12.6200 - $12.7800) on Tue. Aug. 18, 2020.

Trend Analysis and Forecast

Trend Pattern   Growing Downtrend
Trend Narrative   The Bottom
Average Daily Price Swing   $0.33 (2.53% one month average)
Average Daily Percentage Swing   2.53% (three month average)
Weekly Trend Force   -0.5% (StdDev 2.53%)
Daily Moving Force   -0.2%
Rebound Strength   None(0%)
Trend   -0.36%
Latest Price   $12.6900(-0.24%)
Forecasted Low Price   12.54(-1.2%)
Forecasted High Price   12.77(0.6%)
Direction of Next Movement   Range(-0.4%)
% Change Needed to Confirm Rebound   0.5% ((12.75))
% Change Needed for Trend Reversal   2.4%
Hourly Trend -0.3% [$12.72(-0.04), $12.75(-0.03)]
Stocks Behave Similarly   Similar Stock List
Complacency   2
Intraday Reversal Probability   N/A.
Daily Trend   MJ advances 0.1% a day on average for past five trading days.
Weekly Trend   MJ declines -2% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support MJ decline at-0.1% a week (64% probability)
IVE(43%)    IWD(43%)    DIA(42%)    VYM(42%)    XLRE(41%)
Factors Impacting MJ price   MJ will advance at least 0.3% in a week (29% probabilities).
TLT(-34%)    VXX(-32%)    VIXM(-30%)    BNDX(-26%)    BJK(-18%)
Trading Plan   Not Available

Valuation to SPY 0.4

Relative Volatility 1.9 (options are extremely expensive)

Market Trend Strength   -0.3% (StdDev 2.53%)
Hourly BBV 0 ()
Intraday Trend -0.3%

Next Hour Price   $12.69(0%)
1 - 5 Day Possible Target   $12.19(-3.94%)
Resistance Level   $13.04
5 Day Moving Average   $12.75(-0.47%)
10 Day Moving Average   $12.83(-1.09%)
20 Day Moving Average   $13.04(-2.68%)
To recent high   -16.9%
To recent low   0.7%
Market Cap   $N/A

Option Sentiment

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. MJ price fluctuates within 2.53% (three month std-dev: 2.53% one year average std_dev: 0%) daily (68% of days).
$. MJ price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200918

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Aug_18_2020	13.04 (-0.6%)	12.83 (-0.8%)	12.75 (0.1%)	12.75	12.72(0%)	12.69(-0.24%)	12.62-12.78	-0.9(-1.1)	0	-0.2%	-0.5%	0%	-0.36%	Growing Downtrend	Range(-0.6%)	2	41	1	0.4	1.6	The Bottom	12.72(0.22%)	12.55-12.86	0.65	-16.9%-0.7%
2	Aug_17_2020	13.08 (-0.6%)	12.92 (-0.9%)	12.74 (-0.4%)	12.78	12.76(0%)	12.72(0.24%)	12.67-12.8	-1(-1.1)	0	-0.2%	-0.4%	0%	-0.4%	Growing Downtrend	Range(-0.6%)	3	36	0.9	0.4	1.8	Downtrend	12.67(-0.37%)	12.63-12.78	0.49	-16.7%-1%
3	Aug_14_2020	13.11 (-0.5%)	12.98 (-0.8%)	12.79 (0.2%)	12.79	12.79(0%)	12.69(-1.4%)	12.63-12.89	-1.2(-1.3)	0	-0.1%	-0.3%	0%	-0.36%	Growing Downtrend	Range(0.3%)	3	44	0.8	0.4	1.8	Downtrend	12.66(-0.24%)	12.61-12.77	0.58	-16.9%-14.3%
4	Aug_13_2020	13.16 (-0.5%)	13.01 (-0.9%)	12.77 (-0.1%)	12.82	12.8(0%)	12.87(0.7%)	12.68-12.91	-0.8(-0.9)	0	0.1%	-0.3%	0%	-0.36%	Downtrend Consolidation	Range(-0.2%)	3	50	0.8	0.6	1.7	Downtrend	12.83(-0.31%)	12.79-12.92	0.45	-15.7%-17.4%
5	Aug_12_2020	13.19 (-0.3%)	13.05 (-0.8%)	12.78 (-1.2%)	12.8	12.79(0%)	12.78(0.95%)	12.68-12.9	-1.1(-1.3)	0	-0.6%	-0.4%	0%	-0.32%	Growing Downtrend	Range(-1%)	4	48	0.8	0.5	1.5	Growing Downtrend	12.75(-0.27%)	12.7-12.84	0.64	-16.3%-16.6%

6	Aug_11_2020	13.23 (-0.2%)	13.1 (-0.6%)	12.93 (-1.5%)	12.88	12.84(0%)	12.66(-2.16%)	12.62-12.97	-1.6(-1.9)	0	-0.6%	-0.7%	0%	-0.22%	Growing Downtrend	Range(-0.2%)	5	45	0.8	0.4	1.3	Growing Downtrend	12.64(-0.14%)	12.6-12.75	0.91	-17.1%-15.5%
7	Aug_10_2020	13.26 (0%)	13.21 (-0.2%)	13.12 (-0.6%)	13.08	12.81(0%)	12.94(2.7%)	12.79-12.98	-1(-1.1)	0	-0.9%	-0.2%	0%	-0.04%	N/A	Range(-1.1%)	6	45	0.7	0.6	1.6	Range Bound	12.98(0.32%)	13.05-12.93	0.77	-15.3%-18.1%
8	Aug_7_2020	13.27 (0.1%)	13.24 (-0%)	13.2 (-0.5%)	13.21	12.93(0%)	12.6(-2.63%)	12.47-12.91	-2.3(-2.5)	0	-2%	-0.3%	1.3%	0%	Oversold	Range(0.3%)	6	41	0.7	0.3	1.6	Range Bound	12.7(0.82%)	12.83-12.6	0.95	-17.5%-15%
9	Aug_6_2020	13.27 (0.3%)	13.29 (-0.1%)	13.27 (-0.5%)	13.21	13.35(0%)	12.94(-4.29%)	12.92-13.35	-1.4(-1.4)	0	-0.7%	-0.1%	0%	0%	N/A	Range(1.3%)	6	42	0.6	0.6	1.6	N/A	13.05(0.85%)	12.94-13.14	0.79	-15.3%-18.1%
10	Aug_5_2020	13.3 (0.3%)	13.31 (-0.1%)	13.34 (0.4%)	13.33	13.5(0%)	13.52(-0.52%)	13.4-13.65	0.8(0.9)	0	0.9%	0.2%	0%	0%	Growing Uptrend	Range(1.4%)	5	50	0.7	1.2	1.6	Growing Uptrend	13.52(0.02%)	13.48-13.53	0.42	-11.5%-23.4%

11	Aug_4_2020	13.28 (0.3%)	13.28 (-0.4%)	13.29 (-0.2%)	13.24	13.32(0%)	13.59(1.87%)	13.2-13.6	1.1(1.2)	0	0.5%	0.2%	0%	-0.06%	Uptrend Reversal	Range(0.7%)	4	48	0.7	1.2	1.5	Correction	13.46(-0.97%)	13.36-13.58	0.6	-11%-24%
12	Aug_3_2020	13.25 (0.3%)	13.28 (-0.3%)	13.32 (0.1%)	13.26	13.16(0%)	13.34(3.09%)	13-13.38	0.4(0.4)	0	-0.2%	0%	0%	-0.02%	Downtrend Reversal	Range(-0.2%)	3	52	0.6	1	1.6	Correction	13.3(-0.3%)	13.27-13.34	0.87	-12.6%-21.7%
13	Jul_31_2020	13.25 (0.4%)	13.25 (-0.2%)	13.31 (-0.1%)	13.26	13.17(0%)	12.94(-2.63%)	12.9-13.38	-1.1(-1.3)	0	-0.8%	-0.3%	0%	-0%	Downtrend Reversal	Range(0.2%)	3	50	0.6	0.8	1.7	Correction	12.85(-0.73%)	12.82-12.94	1	-15.3%-18.1%
14	Jul_30_2020	13.24 (0.3%)	13.31 (-0%)	13.32 (0.4%)	13.36	13.37(0%)	13.29(0.08%)	13.1-13.33	0.3(0.2)	0	-0.4%	-0.1%	0%	0.04%	Downtrend Reversal	Range(-0.5%)	4	55	0.6	1.1	1.7	Correction	13.27(-0.16%)	13.24-13.3	0.36	-13%-21.3%
15	Jul_29_2020	13.23 (0.3%)	13.33 (0.1%)	13.27 (0.1%)	13.3	13.54(0%)	13.28(-3.42%)	13.26-13.75	0.3(0.2)	0	0.9%	-0.1%	0%	0.06%	N/A	Higher(2.5%)	4	62	0.6	1.1	1.9	After Top	13.27(-0.05%)	13.24-13.3	0.93	-13%-21.2%

16	Jul_28_2020	13.21 (0.1%)	13.37 (0.3%)	13.26 (0.5%)	13.2	13.36(0%)	13.75(3.46%)	13.32-13.9	1.9(2.1)	0	1.4%	0.4%	0%	0.1%	Growing Uptrend	Higher(1.8%)	4	63	0.7	1.4	1.8	Uptrend	13.74(-0.08%)	13.65-13.78	1.3	-10%-25.5%
17	Jul_27_2020	13.17 (-0.1%)	13.32 (0.3%)	13.19 (-0.1%)	13.13	13.06(0%)	13.29(2.47%)	12.95-13.31	0.5(0.5)	0	-0.1%	0.1%	0%	0.06%	Correction	Range(0%)	4	55	0.6	1	1.8	N/A	13.27(-0.16%)	13.22-13.31	0.48	-13%-21.3%
18	Jul_24_2020	13.14 (-0.2%)	13.3 (0.3%)	13.2 (-0.8%)	13.2	13.05(0%)	12.97(-0.69%)	12.8-13.09	-0.7(-0.7)	0	-1%	-0.1%	0%	0.06%	Downtrend Reversal	Range(-0.8%)	5	49	0.6	0.8	1.5	N/A	13.02(0.38%)	12.97-13.06	0.58	-15.1%-18.3%
19	Jul_23_2020	13.14 (-0.1%)	13.32 (0.7%)	13.31 (-0.7%)	13.31	13.21(0%)	13.06(-1.21%)	12.95-13.25	-0.5(-0.4)	0	-1%	0.1%	0%	0.16%	Downtrend Reversal	Range(-0.3%)	5	56	0.6	0.8	1.4	N/A	13.11(0.36%)	13.08-13.13	0.73	-14.5%-19.2%
20	Jul_22_2020	13.16 (-0.1%)	13.3 (0.8%)	13.4 (-0.7%)	13.43	13.36(0%)	13.22(-1.34%)	13.18-13.46	0.3(0.3)	0	-0.5%	0%	0%	0.2%	Downtrend Reversal	Range(0.2%)	5	58	0.6	0.8	1.7	N/A	13.22(-0.03%)	13.17-13.25	0.39	-13.4%-20.6%

21	Jul_21_2020	13.16 (-0.1%)	13.28 (1%)	13.49 (0.2%)	13.48	13.42(0%)	13.4(0.22%)	13.35-13.54	0.8(0.9)	0	-0.3%	0.2%	0%	0.28%	Uptrend Consolidation	Range(-0.1%)	5	65	0.6	0.9	1.7	N/A	13.38(-0.15%)	13.29-13.46	0.57	-12.2%-22.3%
22	Jul_20_2020	13.16 (-0.1%)	13.25 (1%)	13.46 (0.4%)	13.5	13.49(0%)	13.37(-1.11%)	13.3-13.52	0.7(0.7)	0	0.1%	0.1%	0%	0.26%	Growing Uptrend	Range(0.8%)	6	59	0.7	0.9	2.1	N/A	13.36(-0.09%)	13.27-13.43	0.47	-12.4%-22%
23	Jul_17_2020	13.18 (-0.2%)	13.22 (1%)	13.41 (0.7%)	13.42	13.53(0%)	13.52(0.07%)	13.43-13.7	1.2(1.3)	0	0.4%	0.3%	0%	0.24%	Growing Uptrend	Range(0.7%)	7	67	0.7	1.1	2	Uptrend Reversal	13.61(0.63%)	13.53-13.65	0.58	-11.5%-23.4%
24	Jul_16_2020	13.18 (-0.2%)	13.16 (0.7%)	13.32 (1.1%)	13.34	13.5(0%)	13.51(-0.95%)	13.31-13.65	1(1.2)	0	1.2%	0.3%	0%	0.18%	Growing Uptrend	Higher(2%)	7	55	0.7	1.1	1.8	Uptrend Reversal	13.6(0.66%)	13.52-13.65	0.52	-11.5%-23.3%
25	Jul_15_2020	13.19 (-0.6%)	13.11 (0.3%)	13.17 (0.9%)	13.2	13.31(0%)	13.64(2.87%)	13.31-13.72	1.4(1.6)	0	1.1%	0.4%	0%	0.02%	Growing Uptrend	Higher(1.5%)	6	58	0.7	1.2	1.8	Uptrend Reversal	13.73(0.68%)	13.65-13.78	1.15	-10.7%-24.5%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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