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     Fri. Sep. 18, 2020



Trading Signals: MJ Stock Price Prediction and Forecast (Thu. Dec. 3, 2015 - Wed. Nov. 25, 2020)

(ETFMG Alternative Harvest ETF)

MJ latest price $11.1800 (-0.97%) ($11.0300 - $11.3500) on Fri. Sep. 18, 2020.

Trend and Trading Plan

Trend Narrative  Bottom
Intraday Reversal Probability  N/A.
Daily Trend  MJ declines -0.1% a day on average for past five trading days.
Weekly Trend  MJ declines -4.5% a week on average for past two weeks.
Market Behavior  Broad based sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs  Broad market will support MJ decline at-1.1% a week (65% probability)
  EWI(47%)    EWP(47%)    IVE(45%)    IWD(45%)    VGK(45%)  
Factors Impacting MJ price  MJ will decline at least -0.9% in a week (35% probabilities).
  BJK(-47%)    TLT(-36%)    BNDX(-30%)    VXX(-28%)    VIXM(-27%)  
Trading Plan  Buy the bottom
 
Valuation to SPY 0
 
Relative Volatility   1.7 (options are expensive)
 
Hourly BBV   0
Hourly Trend   -0.62% [$11.26(-0.1), $11.33(-0.04)]
Last Hour Trend   0% [$0, $0]


MJ Next 1 - 5 Day Price Forecast

Bullish Probability  25%
Bullish Price Move  1.8%
Bearish Probability  75%
Bearish Price Move  -1.8%
Recommended Position Size  -28%
Latest Price  $11.1800
Next Hour Price  $11.18(0%)
1 - 3 Day Target Price  $11.26(0.71%)
1 - 5 Day Possible Target  $10.41(-6.89%)
1 - 5 Day Price Range  $10.97 - $11.45
Resistance Level  $11.9
5 Day Moving Average  $11.35(-1.5%)
10 Day Moving Average  $11.43(-2.19%)
20 Day Moving Average  $11.9(-6.05%)
To recent high  -18.7%
To recent low  0%
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 4.45% (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   

  >  20201018

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Sep_18_2020-18.7%-0-2.8%,-0.6(0)-4.5%,-1(0)-0.1%,-0-0.30%-3.9%-1.4002.4NAN%2.10.67   11.18(-0.97%)11.03-11.35Bottom 11.26(0.71%)10.97-11.4522
2Sep_17_2020-17.9%-0.4-2.9%,-0.7(-0)-4.6%,-1.1(-0)-0.3%,-0.1-00%-3.7%-1.30-0.12.4NAN%2.10.59   11.29(-1.22%)11.17-11.35Bottom 11.35(0.56%)11.08-11.5433
3Sep_16_2020-17.5%-1.6-2.8%,-0.7(-0)-4.5%,-1(0)-0.2%,-000%-3.4%-1.20-0.22.3NAN%1.40.35   11.43(0.62%)11.34-11.6Downtrend 11.17(-2.25%)11.01-11.5534
4Sep_15_2020-18%-1-2.8%,-0.7(0)-4.5%,-1.1(-0)0.1%,0-00%-3.2%-1.50-0.42.3NAN%0.80.46   11.36(-1.05%)11.3-11.46Downtrend 11.14(-1.98%)10.98-11.531
5Sep_14_2020-17.1%-2% -2.9%,-0.7(-0.1)-4.4%,-1.1(-0.2)-1.1%,-0.3-0.60%-2.7%-1.40-0.22.2NAN%0.80.42   11.48(2.04%)11.2-11.53Bottom 11.55(0.6%)11.27-11.7334
 
6Sep_11_2020-18.8%-0-2.6%,-0.7(-0.1)-3.7%,-1(-0.2)-1.6%,-0.4-00%-2.3%-2.10-0.32.1NAN%0.10.35   11.25(-1.49%)11.16-11.5Bottom 11.39(1.23%)11.08-11.628
7Sep_10_2020-23.1%-1-2.2%,-0.6(-0)-3.1%,-0.9(-0.2)-1.7%,-0.5-0.90%-1.9%-2.1001.6NAN%-0.70.51   11.42(-1.13%)11.42-11.7Growing Downtrend 11.31(-0.98%)11.18-11.5828
8Sep_9_2020-22.9%-2.1-2.1%,-0.7(-0)-2.5%,-0.8(-0.2)-1.3%,-0.4-2.70%-1.7%-2.20-0.31.4NAN%-0.70.34   11.55(2.12%)11.4-11.62Growing Downtrend 11.47(-0.66%)11.37-11.727
9Sep_8_2020-25.9%-0-2%,-0.8(-0.2)-2%,-0.8(-0.3)-2.2%,-0.8-2.70%-1.4%-3.50-0.31.2NAN%-1.21.02   11.31(-6.61%)11.27-11.53Growing Downtrend 11.27(-0.36%)11.18-11.5122
10Sep_4_2020-20.7%-0-1.6%,-1(-0.1)-1.1%,-0.6(-0.2)-0.9%,-0.5-2.10%-1.2%-200.20.7NAN%-1.10.77   12.11(-0.74%)11.68-12.27Growing Downtrend 12.1(-0.12%)12.06-12.1931
 
11Sep_3_2020-20.1%-0-1.5%,-0.9(0)-0.8%,-0.5(0.1)-0.2%,-0.2-1.50%-1.1%-1.900.20.7NAN%-2.40.61   12.2(-1.69%)12.08-12.54Downtrend 12.2(-0.04%)12.16-12.2735
12Sep_2_2020-18.7%-0.6-1.6%,-0.7(-0)-0.9%,-0.4(0)0.1%,0-0.60%-1.1%-0.7000.9NAN%0.20.57   12.41(0.16%)12.28-12.47Downtrend 12.39(-0.2%)12.36-12.4534
13Sep_1_2020-18.9%-0.4-1.5%,-0.6(0)-1%,-0.4(-0)-0.1%,-00.60%-1.3%-0.8001.1NAN%01.18   12.39(-1.9%)12.31-12.66Downtrend 12.36(-0.25%)12.33-12.4438
14Aug_31_2020-17.3%-2.4% -1.6%,-0.6(0)-1%,-0.4(0.1)0.3%,0.10.90%-1.5%-0.200.31.2NAN%0.10.85   12.63(-0.39%)12.45-12.72Rebound 12.66(0.21%)12.56-12.749
15Aug_28_2020-17%-2.8% -1.7%,-0.6(0.1)-1.3%,-0.5(0.1)0.5%,0.20.30%-1.7%-0.200.31.2NAN%0.80.49   12.68(2.76%)12.31-12.68Downtrend 12.62(-0.44%)12.59-12.741
 
16Aug_27_2020-19.2%-0-1.8%,-0.6(-0.1)-1.6%,-0.5(-0)-0.3%,-0.100%-1.8%-1.2001.2NAN%0.70.31   12.34(0%)12.28-12.47Downtrend 12.29(-0.4%)12.24-12.4244
17Aug_26_2020-19.2%-0-1.7%,-0.6(-0.1)-1.4%,-0.5(0.1)-0.6%,-0.200%-1.8%-1.300.11.2NAN%1.30.38   12.34(-1.04%)12.27-12.46Downtrend 12.29(-0.38%)12.24-12.4336
18Aug_25_2020-18.3%-0.6-1.5%,-0.5(-0.1)-1.6%,-0.5(0.2)-0.4%,-0.1-0.60%-1.8%-100.21.3NAN%1.60.46   12.47(0.56%)12.27-12.48Downtrend Consolidation 12.45(-0.15%)12.62-12.3929
19Aug_24_2020-18.8%-0-1.3%,-0.4(-0)-2.1%,-0.7(0)-0.5%,-0.2-0.90%-2.1%-1.300.11.3NAN%1.70.62   12.4(0%)12.21-12.4Downtrend 12.34(-0.5%)12.27-12.4926
20Aug_21_2020-18.8%-0-1.2%,-0.4(0)-2.1%,-0.8(0)-0.5%,-0.2-0.90%-2%-1.600.31.2NAN%1.70.76   12.4(-1.2%)12.3-12.52Downtrend 12.36(-0.31%)12.3-12.5134
 
21Aug_20_2020-17.8%-0-1.2%,-0.5(0)-2.2%,-0.8(0)-0.5%,-0.2-0.30%-2.1%-1.300.41NAN%1.50.59   12.55(-1.57%)12.5-12.65Downtrend 12.51(-0.35%)12.45-12.6345
22Aug_19_2020-16.5%-1.2-1.3%,-0.5(0.1)-2.2%,-0.9(-0.1)-0.1%,-0-0.30%-2%-0.800.61NAN%1.60.3   12.75(0.47%)12.65-12.84Downtrend 12.7(-0.42%)12.65-12.842
23Aug_18_2020-16.9%-0.7-1.4%,-0.6(-0)-2%,-0.8(0.1)0.1%,0-0.30%-1.6%-1.100.41NAN%1.60.65   12.69(-0.24%)12.62-12.78Downtrend 12.64(-0.36%)12.59-12.7641
24Aug_17_2020-16.7%-1-1.4%,-0.6(-0.1)-2.2%,-0.9(-0.1)-0.4%,-0.2-0.30%-1.2%-1.100.40.9NAN%1.80.49   12.72(0.24%)12.67-12.8Downtrend 12.68(-0.35%)12.63-12.7936
25Aug_14_2020-16.9%-14.3% -1.2%,-0.5(-0)-2%,-0.8(0.1)0.2%,0.100%-1%-1.300.40.8NAN%1.80.58   12.69(-1.4%)12.63-12.89Downtrend 12.66(-0.24%)12.61-12.7744
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
Click to see actual return for next trading day.
 
 
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