Trading Signals: MJ Stock Price Prediction and Forecast

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

Wed. Jun. 8, 2016

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

(ETFMG Alternative Harvest ETF)
MJ latest price $29.1300 (2.93%) ($28.8100 - $29.1500) on Wed. Jun. 8, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.78% (three month average)
RSI   52
Latest Price   $29.1300(2.93%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 1.3% a day on average for past five trading days.
Weekly Trend   MJ advances 0.2% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MJ advance at 0% a week (0% probability)
IYT(42%)    IWD(35%)    IVE(34%)    VT(34%)    SDY(33%)
Factors Impacting MJ price   MJ will decline at least -0.89% in a week (0% probabilities).
VIXM(-14%)    UUP(-14%)    TLT(-12%)    SHY(-2%)    IBUY(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.89% (StdDev 1.78%)
Hourly BBV 0 ()
Intraday Trend 0.6%

5 Day Moving Average   $28.05(3.85%)
10 Day Moving Average   $27.74(5.01%)
20 Day Moving Average   $28.15(3.48%)
To recent high   -2.8%
To recent low   10.9%
Market Cap   $N/A

$. MJ price fluctuates within 2.88% (three month std-dev: 1.78%) daily (68% of days).

Sample size 5 Average positive next day return: 3.48%(40%) Average negative next day return: -1.76%(60%) Sample size 5 Average positive next three day return: 4.15%(40%) Average negative next three day return: -4.51%(60%) Sample size 5 Average positive next weekly return: 3.3%(40%) Average negative next weekly return: -1.37%(60%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20160708

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	Jun_8_2016	26.53		27.74	28.05	23.02	28.63	29.13(2.93%)	UT	OpenLong	75	1.3	33	1170	36	22	0	63%	0.19	-22.9	1.78%	0	1.2	52	INF
2	Jun_7_2016	26.48		27.57	27.7	22.58	28.11	28.3(0.71%)	UT	OpenLong	75	0.7	261	1160	316	97	0	60%	0.08	-35.1	1.75%	0	0.2	40	INF
3	Jun_6_2016	26.46	28.15	27.57	27.56	22.34	17.41	28.1(2.7%)	N/A	N/A	0	0.7	2	-2110	19	-50	0	60%	0.15	-45.1	1.75%	0	-0.1	33	INF
4	Jun_3_2016	26.42	28.19	27.51	27.4	22.34	17.05	27.36(0%)	DP	OpenShort	-65	-0	-268	-2200	-291	-197	0	66%	0.11	-55.1	1.75%	0	-1	21	INF
5	Jun_2_2016	26.39	28.27	27.56	27.38	22.24	27.28	27.36(-0.11%)	N/A	N/A	0	-0	41	1020	76	-64	0	66%	0.11	-59.3	1.93%	0	-1.1	18	INF

6	Jun_1_2016	26.36	28.34	27.68	27.37	17.13	27.44	27.39(-0.69%)	UD	OpenLong	75	0	197	3090	262	3	0	66%	0.11	-66.3	1.93%	0	-1.2	31	INF
7	May_31_2016	26.33	28.44	27.82	27.42	17.19	17.2	27.58(1.06%)	UT	OpenLong	75	0.2	199	-1120	264	3	0	66%	0.19	-65.3	1.95%	0	-1.1	31	INF
8	May_27_2016	26.28	28.52	27.98	27.46	17.2	6.82	27.29(0%)	DT	HoldShort	-50	-0.2	-317	-5350	-346	-230	0	69%	0.08	-58.8	1.99%	0	-1.5	42	INF
9	May_26_2016	26.26	28.65	28.17	27.65	22.45	17.17	27.29(0%)	DT	HoldShort	-50	-0.5	-311	-2210	-343	-216	0	69%	0.11	-47.6	2.01%	0	-1.8	37	INF
10	May_25_2016	26.23	28.77	28.42	27.76	27.8	27.58	27.29(-1.3%)	DT	OpenShort	-75	-0.7	-29	-50	-15	-71	0.02	69%	0.11	-44.9	2.01%	0	-2.1	37	INF

11	May_24_2016	26.2	28.88	28.62	28.03	27.9	27.74	27.65(-0.47%)	DT	OpenShort	-75	-0.6	-28	-50	-19	-55	0.03	69%	0.11	-36.7	2%	0	-2	43	INF
12	May_23_2016	26.17	28.95	28.78	28.27	28.11	28.02	27.78(-1.7%)	DT	OpenShort	-75	-0.9	-22	-40	-16	-41	0.02	69%	0.08	-28	1.99%	0	-2.1	39	INF
13	May_20_2016	26.15	29	28.86	28.58	28.38	28.06	28.26(1.51%)	DP	OpenShort	-75	-0.6	-19	-100	-15	-32	0.01	69%	0.15	-16.9	1.96%	0	-1.5	42	INF
14	May_19_2016	26.11	29.03	28.93	28.78	28.65	28.2	27.84(-2.73%)	DT	OpenShort	-75	-2	-33	-120	-32	-37	0	69%	0.12	-8.6	1.97%	0	-2.5	32	INF
15	May_18_2016	26.08	29.09	29.06	29.17	29	28.7	28.62(-0.8%)	DT	OpenShort	-75	-1.4	-18	-90	-19	-14	0.01	73%	0.19	14.9	1.94%	0	-1.2	44	INF

16	May_17_2016	26.03	29.09	29.07	29.29	29.29	29.11	28.85(-1.57%)	DT	OpenShort	-75	-1.2	-9	-40	-9	-10	0	73%	0.15	19.8	1.93%	0	-0.7	46	INF
17	May_16_2016	25.99	29.11	29.12	29.36	29.37	29.31	29.31(0.07%)	UT	OpenLong	75	-0.1	3	-10	3	1	0	73%	0.12	29.8	1.91%	0	0.5	53	INF
18	May_13_2016	25.96	29.09	29.11	29.17	29.35	29.46	29.29(-1.71%)	N/A	N/A	0	0.3	4	40	6	-3	0	73%	0.19	20.6	1.92%	0	0.5	57	INF
19	May_12_2016	25.91	29.07	29.16	29.11	29.12	29.44	29.8(2.12%)	UT	OpenLong	75	1.8	13	80	14	9	0	73%	0.23	37.4	1.91%	0	1.9	62	INF
20	May_11_2016	25.85	29.07	29.12	28.94	28.96	29.23	29.18(-0.14%)	UD	OpenLong	75	0.7	13	70	16	5	0	72%	0.19	55.6	1.9%	0	0.4	54	INF

21	May_10_2016	25.8	29.03	29.13	28.84	28.88	28.8	29.22(3.03%)	N/A	N/A	0	1.1	3	-20	4	-1	0	66%	0.19	68.6	1.9%	0	0.5	54	INF
22	May_9_2016	25.75	29	29.12	28.85	28.76	28.69	28.36(-2.14%)	UD	OpenLong	75	-1.3	59	-30	69	28	0	64%	0.16	79.7	1.93%	0	-1.7	45	INF
23	May_6_2016	25.71	29.01	29.16	29.03	23.48	28.96	28.98(0.1%)	N/A	N/A	0	-0.1	-3	1060	-6	6	0	67%	0.16	74.3	1.89%	0	-0.1	53	INF
24	May_5_2016	25.67	28.93	29.16	29.23	23.63	28.83	28.95(0.91%)	UT	OpenLong	75	-0.4	240	970	277	129	0	67%	0.2	60.4	1.91%	0	0	53	INF
25	May_4_2016	25.62	28.85	29.13	29.32	23.84	18	28.69(-1.95%)	N/A	N/A	0	-0.9	-11	-2280	-19	14	0	73%		53.3	1.91%	0	-0.2	43	INF
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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