Trading Signals: MJ Stock Price Prediction and Forecast

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

Tue. Jan. 10, 2017

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

(ETFMG Alternative Harvest ETF)
MJ latest price $24.7400 (-0.96%) ($24.7400 - $24.7400) on Tue. Jan. 10, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.96% (three month average)
RSI   22
Latest Price   $24.7400(-0.96%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 0.1% a day on average for past five trading days.
Weekly Trend   MJ declines -4.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support MJ advance at 0% a week (0% probability)
IYT(43%)    IVE(35%)    IWD(35%)    VT(34%)    VYM(34%)
Factors Impacting MJ price   MJ will decline at least -0.98% in a week (0% probabilities).
UUP(-15%)    VIXM(-14%)    TLT(-13%)    SHY(-2%)    IPO(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.98% (StdDev 1.96%)
Hourly BBV 0 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $14.69(-40.62%)
Resistance Level   $26.19
5 Day Moving Average   $24.88(-0.56%)
10 Day Moving Average   $24.95(-0.84%)
20 Day Moving Average   $26.19(-5.54%)
To recent high   -23.9%
To recent low   2.2%
Market Cap   $N/A

$. MJ price fluctuates within 5.46% (three month std-dev: 1.96%) daily (68% of days).

Sample size 11 Average positive next day return: 1.36%(27%) Average negative next day return: -1.46%(73%) Sample size 11 Average positive next three day return: 1.99%(36%) Average negative next three day return: -3.37%(64%) Sample size 11 Average positive next weekly return: 3.92%(18%) Average negative next weekly return: -5.6%(82%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170210

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	Jan_10_2017	29.23	26.19	24.95	24.88	20.24	15.49	24.74(-0.96%)	DT	HoldShort	-65	-0.1	-35	-2200	-3	-131	0	28%	-0.24	-48.4	1.96%	0	-1	22	0
2	Jan_9_2017	29.3	26.35	25.18	24.86	20.27	15.62	24.98(0%)	DP	OpenShort	-65	0.1	-290	-2160	-301	-255	0	28%	-0.2	-45.8	1.97%	0	-1	22	0
3	Jan_6_2017	29.36	26.5	25.39	24.7	24.85	24.99	24.98(0.2%)	DP	OpenShort	-65	0.2	-31	60	9	-150	0	28%	-0.24	-45.9	1.97%	0	-1	19	0
4	Jan_5_2017	29.43	26.64	25.6	24.6	24.68	24.91	24.93(0.65%)	DP	OpenShort	-65	0.2	-36	70	8	-167	0	28%	-0.24	-48.4	1.97%	0	-1.2	18	0
5	Jan_4_2017	29.5	26.77	25.81	24.56	24.59	24.71	24.77(0.61%)	DP	OpenShort	-75	0.2	-57	40	-13	-189	0	28%	-0.24	-51.6	1.97%	0	-1.4	15	0

6	Jan_3_2017	29.57	26.9	26.06	25.05	24.56	24.46	24.62(1.74%)	DT	HoldShort	-50	-0.3	-2	-90	47	-147	0	30%	-0.34	-46.6	1.96%	0	-1.7	13	0
7	Dec_30_2016	29.67	27.03	26.34	25.58	20.12	24.47	24.2(-1.1%)	DT	HoldShort	-50	-1.2	-3	870	38	-127	0.01	30%	-0.27	-43.1	1.96%	0	-2.4	6	0
8	Dec_29_2016	29.75	27.18	26.74	26.19	15.74	24.66	24.47(-1.01%)	N/A	N/A	0	-1.8	140	2770	196	-27	0.01	30%	-0.27	-38.2	1.96%	0	-2.8	9	0
9	Dec_28_2016	29.83	27.36	27.12	26.74	16.37	15.77	24.72(-9.32%)	UD	OpenLong	75	-2.8	153	-1420	201	10	0	32%	-0.27	-29.2	1.96%	0	-3.6	14	0
10	Dec_27_2016	29.91	27.51	27.47	27.22	17	6.82	27.26(0%)	DP	OpenShort	-65	0.1	-359	-5320	-410	-206	0	40%	-0.2	-22.8	1.61%	0	-0.6	53	0

11	Dec_23_2016	29.97	27.52	27.55	27.2	22.11	16.98	27.26(0%)	DP	OpenShort	-65	0.2	-365	-2190	-419	-201	0	40%	-0.13	-24.6	1.59%	0	-0.7	55	0
12	Dec_22_2016	30.01	27.54	27.63	27.23	27.22	27.18	27.26(0.18%)	DP	OpenShort	-75	0.1	-14	-10	-11	-23	0	44%	-0.13	-24.6	1.6%	0	-0.7	61	0
13	Dec_21_2016	30.05	27.55	27.7	27.4	27.29	27.24	27.21(0.44%)	UT	OpenLong	75	-0.5	73	-20	84	39	0	44%	-0.13	-19	1.65%	0	-0.9	60	0
14	Dec_20_2016	30.09	27.57	27.76	27.57	22.25	27.26	27.09(-0.37%)	UD	OpenLong	75	-1.3	74	1000	81	51	0	44%	-0.13	-12.3	1.65%	0	-1.3	41	0
15	Dec_19_2016	30.13	27.6	27.79	27.77	17.19	27.35	27.19(-0.84%)	UD	OpenLong	75	-1.6	340	2990	391	188	0	44%	-0.13	7.7	1.65%	0	-1.1	47	0

16	Dec_16_2016	30.17	27.62	27.8	27.95	12.13	17.23	27.42(-2.35%)	UD	OpenLong	75	-1.5	267	1250	301	163	0	44%	-0.1	26	1.65%	0	-0.6	51	0
17	Dec_15_2016	30.2	27.64	27.77	28.07	12.29	17.23	28.08(0%)	N/A	N/A	0	0	-69	-4690	-95	8	0	43%	-0.1	27.6	1.63%	0	1.3	61	0
18	Dec_14_2016	30.23	27.63	27.66	28.04	17.53	7.02	28.08(0%)	DP	OpenShort	-65	0.1	-334	-5320	-403	-125	0	43%	-0.1	-6.3	1.68%	0	1.3	61	0
19	Dec_13_2016	30.26	27.62	27.61	27.97	22.73	17.55	28.08(0%)	DP	OpenShort	-65	0.3	-330	-2160	-398	-125	0	43%	-0.1	-59.3	1.68%	0	1.4	61	0
20	Dec_12_2016	30.29	27.57	27.55	27.81	27.92	28.04	28.08(0.25%)	UT	OpenLong	75	0.8	18	40	15	26	0	40%	-0.1	-119.2	1.68%	0	1.5	57	0

21	Dec_9_2016	30.32	27.53	27.48	27.63	27.72	27.92	28.01(0.29%)	UT	OpenLong	75	1.2	17	60	17	15	0	40%	-0.1	-184.5	1.72%	0	1.5	60	0
22	Dec_8_2016	30.35	27.54	27.43	27.42	27.46	27.8	27.93(0.65%)	UT	OpenLong	75	1.4	90	90	109	34	0	40%	-0.1	-205.3	1.72%	0	1.1	51	0
23	Dec_7_2016	30.38	27.65	27.38	27.22	22.18	27.52	27.75(1.8%)	N/A	N/A	0	0.7	6	1130	16	-23	0	40%	-0.1	-108.7	1.72%	0	0.1	43	0
24	Dec_6_2016	30.41	27.82	27.35	27.21	21.98	27.12	27.26(0.18%)	UT	OpenLong	75	0	245	1060	299	84	0	38%	-0.1	-71.7	1.7%	0	-0.5	33	0
25	Dec_5_2016	30.44	27.97	27.39	27.25	22.06	16.85	27.21(1%)	UT	OpenLong	75	-0	66	-2220	86	6	0	38%		-68.7	1.7%	0	-0.6	52	0
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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