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     Thu. Sep. 17, 2020

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

(ETFMG Alternative Harvest ETF)

MJ latest price $11.2900 (-1.22%) ($11.1700 - $11.3500) on Thu. Sep. 17, 2020.


Trend Analysis and Forecast
 
Trend Pattern  Growing Downtrend
Trend Narrative  Bottom
Average Daily Price Swing  $0.52 (4.34% one month average)
Average Daily Percentage Swing  1.84% (three month average)
Weekly Trend Force  -0.8% (StdDev 1.84%)
Daily Moving Force  -0.3%
Rebound Strength  None(0%)
Trend   -0.82%
Latest Price  $11.2900(-1.22%)
Forecasted Low Price  11.18(-1%)
Forecasted High Price  11.35(0.5%)
Direction of Next Movement  Range(-0.5%)
% Change Needed to Confirm Rebound  0.7% ((11.37))
% Change Needed for Trend Reversal  3%
Hourly Trend   -0.4% [$11.36(-0.05), $11.37(-0.02)]
Stocks Behave Similarly  Similar Stock List
Complacency  1
Intraday Reversal Probability  N/A.
Daily Trend  MJ declines -0.3% a day on average for past five trading days.
Weekly Trend  MJ declines -4.6% 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 0.2% a week (62% probability)
  IVE(37%)    IWD(37%)    VYM(36%)    DIA(35%)    SDY(34%)  
Factors Impacting MJ price  MJ will decline at least -0.2% in a week (26% probabilities).
  TLT(-32%)    BNDX(-27%)    VXX(-26%)    VIXM(-24%)    BND(-20%)  
Trading Plan  Buy the bottom
 
Valuation to SPY   -0.1
 
Relative Volatility   1.7 (options are expensive)
 
Market Trend Strength  -0.8% (StdDev 1.84%)
Hourly BBV   0 ()
Intraday Trend   -0.4%
  
 

  


Next Hour Price  $11.29(0%)
1 - 5 Day Possible Target  $10.48(-7.17%)
Resistance Level  $11.97
5 Day Moving Average  $11.36(-0.62%)
10 Day Moving Average  $11.53(-2.08%)
20 Day Moving Average  $11.97(-5.68%)
To recent high  -17.9%
To recent low  0.4%
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 4.34% (three month std-dev: 1.84%    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   

  >  20201017

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
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Weekly
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CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Sep_17_202011.97 (-0.7%)11.53 (-1.1%)11.36 (-0.3%) 11.37 11.36(0%)11.29(-1.22%)11.17-11.35-1.1(-1.3)0 -0.3%-0.8%0%-0.82% Growing Downtrend  Range(-0.5%)1332.4-0.12.1Bottom 11.34(0.43%)11.08-11.510.59   -17.9%-0.4
2Sep_16_202012.04 (-0.7%)11.63 (-1%)11.39 (-0.2%) 11.39 11.41(0%)11.43(0.62%)11.34-11.6-1(-1.2)0 %-0.7%0%-0.8% Growing Downtrend  Range(-0.7%)1342.3-0.21.4Downtrend 11.17(-2.31%)11.01-11.530.35   -17.5%-1.6
3Sep_15_202012.11 (-0.7%)11.72 (-1.1%)11.41 (0.1%) 11.41 11.39(0%)11.36(-1.05%)11.3-11.46-1.3(-1.5)0 0.1%-0.9%0%-0.8% Downtrend Consolidation  Range(-0.3%)1312.3-0.40.8Downtrend 11.13(-2.04%)10.98-11.480.46   -18%-1
4Sep_14_202012.18 (-0.7%)11.85 (-1.1%)11.4 (-1.1%) 11.44 11.36(0%)11.48(2.04%)11.2-11.53-1.2(-1.4)0 -0.6%-0.8%0%-0.8% Downtrend Pop  Lower(-1.4%)2342.2-0.20.8Bottom 11.52(0.36%)11.27-11.690.42   -17.1%-2% 
5Sep_11_202012.24 (-0.7%)11.96 (-1%)11.53 (-1.6%) 11.45 11.44(0%)11.25(-1.49%)11.16-11.5-1.9(-2.1)0 -1.2%-0.9%0%-0.68% Growing Downtrend  Lower(-1.4%)3282.1-0.30.1Bottom 11.36(1%)11.08-11.550.35   -18.8%-0
 
6Sep_10_202012.32 (-0.6%)12.08 (-0.9%)11.72 (-1.7%) 11.63 11.52(0%)11.42(-1.13%)11.42-11.7-1.9(-2.1)0 -0.6%-0.7%0%-0.56% Growing Downtrend  Range(-0.7%)3281.60-0.7Growing Downtrend 11.3(-1.01%)11.18-11.560.51   -23.1%-1
7Sep_9_202012.39 (-0.7%)12.18 (-0.8%)11.92 (-1.3%) 11.82 11.46(0%)11.55(2.12%)11.4-11.62-2(-2.2)0 -2%-0.7%0%-0.48% Downtrend Pop  Lower(-2.7%)3271.4-0.3-0.7Growing Downtrend 11.47(-0.69%)11.37-11.680.34   -22.9%-2.1
8Sep_8_202012.45 (-0.8%)12.27 (-0.8%)12.08 (-2.2%) 12.04 11.74(0%)11.31(-6.61%)11.27-11.53-3.1(-3.5)0 -3%-0.9%3.3%-0.4% Growing Downtrend  Higher(2.7%)3221.2-0.3-1.2Growing Downtrend 11.26(-0.4%)11.18-11.491.02   -25.9%-0
9Sep_4_202012.54 (-1%)12.39 (-0.6%)12.35 (-0.9%) 12.31 12.17(0%)12.11(-0.74%)11.68-12.27-1.9(-2)0 -1.2%-0.2%0%-0.24% Growing Downtrend  Range(-1%)3310.70.2-1.1Growing Downtrend 12.09(-0.13%)12.06-12.190.77   -20.7%-0
10Sep_3_202012.57 (-0.9%)12.43 (-0.5%)12.46 (-0.2%) 12.45 12.34(0%)12.2(-1.69%)12.08-12.54-1.7(-1.9)0 -0.6%-0.3%0%-0.2% Growing Downtrend  Range(-0.1%)3350.70.2-2.4Downtrend 12.19(-0.07%)12.16-12.260.61   -20.1%-0
 
11Sep_2_202012.6 (-0.7%)12.46 (-0.4%)12.49 (0.1%) 12.51 12.45(0%)12.41(0.16%)12.28-12.47-0.6(-0.7)0 -0.4%-0.3%0%-0.22% Growing Downtrend  Range(-0.7%)3340.900.2After Bottom 12.43(0.15%)12.33-12.510.57   -18.7%-0.6
12Sep_1_202012.66 (-0.6%)12.49 (-0.4%)12.48 (-0.1%) 12.5 12.45(0%)12.39(-1.9%)12.31-12.66-0.7(-0.8)0 0.1%-0.3%0%-0.24% Downtrend Consolidation Downtrend Pop Range(0.8%)3381.100Downtrend 12.36(-0.25%)12.33-12.441.18   -18.9%-0.4
13Aug_31_202012.71 (-0.6%)12.52 (-0.4%)12.49 (0.3%) 12.47 12.57(0%)12.63(-0.39%)12.45-12.72-0.2(-0.2)0 0.7%-0.1%0%-0.22% Rebound  Range(0.8%)2491.20.30.1Rebound 12.66(0.21%)12.56-12.70.85   -17.3%-2.4% 
14Aug_28_202012.75 (-0.6%)12.52 (-0.5%)12.45 (0.5%) 12.41 12.44(0%)12.68(2.76%)12.31-12.68-0.2(-0.2)0 0.5%-0%0%-0.28% Uptrend Reversal  Range(0.5%)1411.20.30.8After Bottom 12.65(-0.24%)12.55-12.730.49   -17%-2.8% 
15Aug_27_202012.76 (-0.6%)12.53 (-0.5%)12.39 (-0.3%) 12.37 12.37(0%)12.34(0%)12.28-12.47-1(-1.2)0 -0.2%-0.4%0%-0.32% Growing Downtrend  Range(-0.6%)0441.200.7Downtrend 12.29(-0.42%)12.24-12.410.31   -19.2%-0
 
16Aug_26_202012.81 (-0.6%)12.58 (-0.5%)12.43 (-0.6%) 12.39 12.39(0%)12.34(-1.04%)12.27-12.46-1.2(-1.3)0 -0.2%-0.4%0%-0.3% Growing Downtrend  Range(-0.1%)0361.20.11.3Downtrend 12.29(-0.4%)12.24-12.420.38   -19.2%-0
17Aug_25_202012.85 (-0.5%)12.62 (-0.5%)12.51 (-0.4%) 12.44 12.37(0%)12.47(0.56%)12.27-12.48-0.9(-1)0 -0.4%-0.3%0%-0.32% Growing Downtrend  Range(-0.7%)0291.30.21.6After Bottom 12.5(0.26%)12.3-12.670.46   -18.3%-0.6
18Aug_24_202012.91 (-0.4%)12.64 (-0.7%)12.56 (-0.5%) 12.52 12.39(0%)12.4(0%)12.21-12.4-1.2(-1.3)0 -0.8%-0.4%0%-0.38% Growing Downtrend  Lower(-1.2%)0261.30.11.7Downtrend 12.34(-0.52%)12.27-12.480.62   -18.8%-0
19Aug_21_202012.96 (-0.4%)12.7 (-0.8%)12.62 (-0.5%) 12.61 12.51(0%)12.4(-1.2%)12.3-12.52-1.5(-1.6)0 -0.9%-0.2%0%-0.36% Growing Downtrend  Range(-0.5%)0341.20.31.7Downtrend 12.36(-0.33%)12.3-12.50.76   -18.8%-0
20Aug_20_202012.99 (-0.5%)12.72 (-0.8%)12.68 (-0.5%) 12.69 12.66(0%)12.55(-1.57%)12.5-12.65-1.2(-1.3)0 -0.4%-0.3%0%-0.38% Growing Downtrend  Range(0.1%)04510.41.5Downtrend 12.5(-0.37%)12.45-12.620.59   -17.8%-0
 
21Aug_19_202013.02 (-0.5%)12.76 (-0.9%)12.74 (-0.1%) 12.74 12.66(0%)12.75(0.47%)12.65-12.84-0.7(-0.8)0 %-0.4%0%-0.38% Growing Downtrend  Range(-0.4%)14210.61.6Downtrend 12.7(-0.42%)12.65-12.80.3   -16.5%-1.2
22Aug_18_202013.04 (-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%)24110.41.6The Bottom 12.72(0.22%)12.55-12.860.65   -16.9%-0.7
23Aug_17_202013.08 (-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%)3360.90.41.8Downtrend 12.67(-0.37%)12.63-12.780.49   -16.7%-1
24Aug_14_202013.11 (-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%)3440.80.41.8Downtrend 12.66(-0.24%)12.61-12.770.58   -16.9%-14.3% 
25Aug_13_202013.16 (-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%)3500.80.61.7Downtrend 12.83(-0.31%)12.79-12.920.45   -15.7%-17.4% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Pattern
Next
Direction
CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
Click to see actual return for next trading day.
 
 
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