Trading Signals: MJ Stock Price Prediction and Forecast

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

Thu. Aug. 4, 2016

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

(ETFMG Alternative Harvest ETF)
MJ latest price $31.3600 (0.77%) ($31.3600 - $31.3600) on Thu. Aug. 4, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.49% (three month average)
RSI   79
Latest Price   $31.3600(0.77%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 0.5% a day on average for past five trading days.
Weekly Trend   MJ advances 1.1% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support MJ advance at 0% a week (0% probability)
IYT(42%)    IVE(35%)    IWD(35%)    VT(34%)    SDY(33%)
Factors Impacting MJ price   MJ will decline at least -0.745% in a week (0% probabilities).
VIXM(-14%)    UUP(-14%)    TLT(-12%)    SHY(-2%)    IPO(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.745% (StdDev 1.49%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $31.14(0.71%)
10 Day Moving Average   $31.02(1.1%)
20 Day Moving Average   $30.43(3.06%)
To recent high   0%
To recent low   14.9%
Market Cap   $N/A

$. MJ price fluctuates within 3.19% (three month std-dev: 1.49%) daily (68% of days).

Sample size 15 Average positive next day return: 1.73%(67%) Average negative next day return: -1.72%(33%) Sample size 15 Average positive next three day return: 4.26%(60%) Average negative next three day return: -2.56%(40%) Sample size 15 Average positive next weekly return: 9.01%(53%) Average negative next weekly return: -2.83%(47%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20160904

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	Aug_4_2016	28.8	30.43	31.02	31.14	25.27	31.24	31.36(0.77%)	UT	HoldLong	65	0.2	25	1090	16	51	0	61%	0.21	49.8	1.49%	0	1	79	INF
2	Aug_3_2016	28.74	30.28	30.98	30.99	25.23	30.97	31.12(0.94%)	UT	HoldLong	65	0.1	348	1030	393	212	0	61%	0.17	46.2	1.51%	0	0.9	78	INF
3	Aug_2_2016	28.69	30.21	30.94	30.89	25.11	19.31	30.83(-1.19%)	UD	OpenLong	65	-0.1	12	-2180	-6	65	0	57%	0.1	49.8	1.5%	0	0.7	77	INF
4	Aug_1_2016	28.66	30.14	30.93	30.91	25.07	19.5	31.2(0%)	DP	OpenShort	-65	0.3	-392	-2120	-486	-109	0	57%	0.14	58.1	1.53%	0	1.1	84	INF
5	Jul_29_2016	28.62	30.06	30.86	30.9	30.85	30.91	31.2(1.96%)	UT	HoldLong	65	0.3	130	10	123	150	0	57%	0.18	68.3	1.54%	0	1.2	84	INF

6	Jul_28_2016	28.57	29.95	30.68	30.88	25	30.65	30.6(-0.13%)	UD	OpenLong	65	-0.3	19	1010	-12	110	0	55%	0.14	74.7	1.54%	0	0.7	87	INF
7	Jul_27_2016	28.53	29.85	30.56	30.88	25.13	30.8	30.64(-0.87%)	UD	OpenLong	75	-0.4	348	1010	369	284	0	55%	0.14	75.3	1.54%	0	0.8	88	INF
8	Jul_26_2016	28.49	29.75	30.43	30.98	25.23	19.36	30.91(-0.71%)	UD	OpenLong	75	-0.1	129	-2190	112	181	0	55%	0.18	74.9	1.54%	0	1.2	64	INF
9	Jul_25_2016	28.44	29.6	30.27	30.94	19.41	19.46	31.13(0%)	DP	OpenShort	-65	0.2	-376	-1100	-481	-60	0	55%	0.18	71.6	1.55%	0	1.6	67	INF
10	Jul_22_2016	28.39	29.44	30.08	30.82	25.14	31.1	31.13(0.19%)	UT	OpenLong	75	0.3	369	1110	398	282	0	55%	0.21	69.3	1.55%	0	1.8	67	INF

11	Jul_21_2016	28.33	29.3	29.8	30.44	24.97	19.37	31.07(1.27%)	UT	OpenLong	75	0.7	138	-2110	137	141	0	55%	0.25	65.8	1.55%	0	2	69	INF
12	Jul_20_2016	28.26	29.17	29.53	30.08	19.03	19.18	30.68(0%)	DP	OpenShort	-65	0.7	-285	-1050	-353	-82	0	55%	0.21	63.7	1.55%	0	1.9	73	INF
13	Jul_19_2016	28.2	29.05	29.4	29.79	18.94	30.56	30.68(0.52%)	UT	OpenLong	75	1.2	441	3200	503	254	0	55%	0.25	62.7	1.55%	0	2.2	73	INF
14	Jul_18_2016	28.13	28.92	29.27	29.5	13.09	18.88	30.52(4.34%)	UT	HoldLong	65	1.5	435	1430	496	250	0	55%	0.29	59.6	1.55%	0	2.4	76	INF
15	Jul_15_2016	28.05	28.79	29.16	29.25	7.31	18.88	29.25(0%)	N/A	N/A	0	0	-76	-2250	-106	14	0	50%	0.21	52.3	1.45%	0	0.8	69	INF

16	Jul_14_2016	27.99	28.72	29.15	29.07	12.83	18.88	29.25(0%)	UT	HoldLong	50	0.3	22	-4690	10	57	0	50%	0.21	34.2	1.46%	0	0.9	60	INF
17	Jul_13_2016	27.93	28.66	29.08	28.88	12.77	7.31	29.25(0%)	DP	OpenShort	-65	0.6	-406	-4670	-489	-157	0	50%	0.22	16	1.46%	0	1	60	INF
18	Jul_12_2016	27.87	28.59	29.01	28.95	18.03	18.34	29.25(0%)	UT	HoldLong	50	0.5	11	-1010	0	45	0	50%	0.25	16.5	1.48%	0	1.1	60	INF
19	Jul_11_2016	27.8	28.53	28.89	29.01	18.05	18.23	29.25(3.25%)	UT	OpenLong	75	0.4	120	-1060	126	100	0	56%	0.22	18.7	1.48%	0	1.2	64	INF
20	Jul_8_2016	27.74	28.5	28.76	29.07	12.55	17.71	28.33(0%)	N/A	N/A	0	-1.3	-90	1170	-121	3	0	52%	0.18	35.2	1.56%	0	-0.3	55	INF

21	Jul_7_2016	27.69	28.53	28.79	29.25	18.2	17.86	28.33(-4.19%)	UD	OpenLong	75	-1.6	299	-1260	330	206	0	52%	0.22	55.5	1.56%	0	-0.4	59	INF
22	Jul_6_2016	27.63	28.56	28.81	29.28	18.41	7.39	29.57(0%)	DP	OpenShort	-65	0.5	-290	-5300	-367	-57	0	59%	0.22	70.4	1.47%	0	1.7	76	INF
23	Jul_5_2016	27.57	28.5	28.69	29.06	18.35	18.53	29.57(0%)	DP	OpenShort	-65	1	-373	-1040	-463	-104	0	59%	0.25	72	1.47%	0	2	76	INF
24	Jul_1_2016	27.5	28.42	28.54	28.74	23.59	29.44	29.57(1.27%)	UT	HoldLong	65	1.6	446	1200	508	260	0	59%	0.22	63.9	1.49%	0	2.2	76	INF
25	Jun_30_2016	27.44	28.31	28.38	28.42	17.92	18.16	29.2(2.53%)	UT	OpenLong	75	1.6	28	-1010	26	34	0	59%		51.8	1.47%	0	1.9	52	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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