Trading Signals: MJ Stock Price Prediction and Forecast

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

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

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	Sep_17_2020	11.97 (-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%)	1	33	2.4	-0.1	2.1	Bottom	11.34(0.43%)	11.08-11.51	0.59	-17.9%-0.4%
2	Sep_16_2020	12.04 (-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%)	1	34	2.3	-0.2	1.4	Downtrend	11.17(-2.31%)	11.01-11.53	0.35	-17.5%-1.6%
3	Sep_15_2020	12.11 (-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%)	1	31	2.3	-0.4	0.8	Downtrend	11.13(-2.04%)	10.98-11.48	0.46	-18%-1%
4	Sep_14_2020	12.18 (-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%)	2	34	2.2	-0.2	0.8	Bottom	11.52(0.36%)	11.27-11.69	0.42	-17.1%-2%
5	Sep_11_2020	12.24 (-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%)	3	28	2.1	-0.3	0.1	Bottom	11.36(1%)	11.08-11.55	0.35	-18.8%-0%

6	Sep_10_2020	12.32 (-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%)	3	28	1.6	0	-0.7	Growing Downtrend	11.3(-1.01%)	11.18-11.56	0.51	-23.1%-1%
7	Sep_9_2020	12.39 (-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%)	3	27	1.4	-0.3	-0.7	Growing Downtrend	11.47(-0.69%)	11.37-11.68	0.34	-22.9%-2.1%
8	Sep_8_2020	12.45 (-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%)	3	22	1.2	-0.3	-1.2	Growing Downtrend	11.26(-0.4%)	11.18-11.49	1.02	-25.9%-0%
9	Sep_4_2020	12.54 (-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%)	3	31	0.7	0.2	-1.1	Growing Downtrend	12.09(-0.13%)	12.06-12.19	0.77	-20.7%-0%
10	Sep_3_2020	12.57 (-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%)	3	35	0.7	0.2	-2.4	Downtrend	12.19(-0.07%)	12.16-12.26	0.61	-20.1%-0%

11	Sep_2_2020	12.6 (-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%)	3	34	0.9	0	0.2	After Bottom	12.43(0.15%)	12.33-12.51	0.57	-18.7%-0.6%
12	Sep_1_2020	12.66 (-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%)	3	38	1.1	0	0	Downtrend	12.36(-0.25%)	12.33-12.44	1.18	-18.9%-0.4%
13	Aug_31_2020	12.71 (-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%)	2	49	1.2	0.3	0.1	Rebound	12.66(0.21%)	12.56-12.7	0.85	-17.3%-2.4%
14	Aug_28_2020	12.75 (-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%)	1	41	1.2	0.3	0.8	After Bottom	12.65(-0.24%)	12.55-12.73	0.49	-17%-2.8%
15	Aug_27_2020	12.76 (-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%)	0	44	1.2	0	0.7	Downtrend	12.29(-0.42%)	12.24-12.41	0.31	-19.2%-0%

16	Aug_26_2020	12.81 (-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%)	0	36	1.2	0.1	1.3	Downtrend	12.29(-0.4%)	12.24-12.42	0.38	-19.2%-0%
17	Aug_25_2020	12.85 (-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%)	0	29	1.3	0.2	1.6	After Bottom	12.5(0.26%)	12.3-12.67	0.46	-18.3%-0.6%
18	Aug_24_2020	12.91 (-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%)	0	26	1.3	0.1	1.7	Downtrend	12.34(-0.52%)	12.27-12.48	0.62	-18.8%-0%
19	Aug_21_2020	12.96 (-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%)	0	34	1.2	0.3	1.7	Downtrend	12.36(-0.33%)	12.3-12.5	0.76	-18.8%-0%
20	Aug_20_2020	12.99 (-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%)	0	45	1	0.4	1.5	Downtrend	12.5(-0.37%)	12.45-12.62	0.59	-17.8%-0%

21	Aug_19_2020	13.02 (-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%)	1	42	1	0.6	1.6	Downtrend	12.7(-0.42%)	12.65-12.8	0.3	-16.5%-1.2%
22	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%
23	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%
24	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%
25	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%
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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