Trading Signals: MJ Stock Price Prediction and Forecast

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

Thu. Jan. 4, 2018

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

(ETFMG Alternative Harvest ETF)
MJ latest price $35.4700 (-6.19%) ($34.1500 - $36.9000) on Thu. Jan. 4, 2018.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.03% (three month average)
RSI   77
Latest Price   $35.4700(-6.19%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   MJ advances 3.2% a day on average for past five trading days.
Weekly Trend   MJ advances 9.7% 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(44%)    IVE(36%)    IWD(36%)    PAVE(34%)    SDY(34%)
Factors Impacting MJ price   MJ will decline at least -1.015% in a week (0% probabilities).
UUP(-15%)    TLT(-14%)    VIXM(-13%)    SHY(-3%)    IGOV(-0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.015% (StdDev 2.03%)
Hourly BBV 0 ()
Intraday Trend -3.7%

5 Day Moving Average   $34.68(2.28%)
10 Day Moving Average   $32.31(9.78%)
20 Day Moving Average   $30.81(15.12%)
To recent high   -6.2%
To recent low   22.4%
Market Cap   $N/A

$. MJ price fluctuates within 8.47% (three month std-dev: 2.03%) daily (68% of days).

Sample size 24 Average positive next day return: 1.69%(50%) Average negative next day return: -1.24%(50%) Sample size 24 Average positive next three day return: 4.88%(38%) Average negative next three day return: -5.85%(63%) Sample size 24 Average positive next weekly return: 5.15%(33%) Average negative next weekly return: -4.97%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20180204

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_4_2018	30.85	30.81	32.31	34.68	35.15	36.64	35.47(-6.19%)	UD	OpenLong	75	0.3	126	340	64	312	6.67	64%	0.13	56.3	2.03%	0	1.8	77	INF
2	Jan_3_2018	30.81	30.49	31.69	33.61	34.03	35.97	37.81(6.3%)	UT	HoldLong	65	1.8	181	440	138	309	6	73%	0.23	48	1.87%	0	3.1	89	INF
3	Jan_2_2018	30.74	30.04	30.82	32.1	32.44	33.66	35.57(9.21%)	UT	HoldLong	65	2.1	139	300	108	232	4.9	68%	0.16	43.2	1.71%	0	3.4	86	INF
4	Dec_29_2017	30.69	29.71	30.13	30.83	31.64	32.08	32.57(1.78%)	UT	HoldLong	65	1.9	114	180	91	182	1.86	61%	0.03	35.5	1.27%	0	3.1	80	INF
5	Dec_28_2017	30.68	29.54	29.76	30.15	30.74	31.22	32(6.28%)	UT	HoldLong	65	2.8	59	170	44	104	1.01	58%	0.03	20.5	1.25%	0	3.8	78	INF

6	Dec_27_2017	30.67	29.41	29.45	29.59	30.19	31.2	30.11(-0.4%)	UD	OpenLong	75	1.6	73	300	73	74	0.4	45%	-0.03	-4.5	0.97%	0	2.1	61	INF
7	Dec_26_2017	30.68	29.39	29.36	29.44	29.75	30.26	30.23(3.39%)	UT	OpenLong	75	2.5	69	150	74	52	0.28	45%	-0.03	-13.3	1%	0	2.7	58	INF
8	Dec_22_2017	30.69	29.36	29.25	29.34	29.31	29.18	29.24(0.27%)	N/A	N/A	0	-0.4	-4	-30	-6	1	0.02	35%	-0.07	-25	0.9%	0	-0.4	41	INF
9	Dec_21_2017	30.71	29.38	29.25	29.32	29.45	29.24	29.16(-0.14%)	DT	OpenShort	-75	-0.6	-10	-40	-9	-12	0.02	35%	-0.07	-22.8	0.9%	0	-0.8	42	INF
10	Dec_20_2017	30.73	29.4	29.23	29.3	29.44	29.43	29.2(-0.61%)	DT	OpenShort	-75	-0.4	-12	10	-9	-20	0.01	38%	-0.07	-16.3	0.9%	0	-0.7	47	INF

11	Dec_19_2017	30.75	29.42	29.24	29.28	29.39	29.65	29.38(-1.21%)	N/A	N/A	0	0.4	5	70	14	-21	0.01	36%	-0.06	-12.5	0.91%	0	-0.2	41	INF
12	Dec_18_2017	30.77	29.42	29.26	29.27	29.34	29.44	29.74(2.09%)	RB	SmallLong	20	1.7	19	30	33	-24	0.02	38%	-0.06	-12	0.91%	0	1.1	43	INF
13	Dec_15_2017	30.79	29.43	29.23	29.14	29.17	29.13	29.13(0.34%)	DP	OpenShort	-75	-0	-20	-10	-6	-62	0.01	36%	-0.06	-25	0.87%	0	-1.1	36	INF
14	Dec_14_2017	30.81	29.43	29.27	29.13	29.19	29.23	29.03(-0.38%)	DT	OpenShort	-75	-0.4	-19	20	-3	-66	0	36%	-0.06	-36.4	0.89%	0	-1.6	33	INF
15	Dec_13_2017	30.83	29.43	29.3	29.15	29.24	29.22	29.14(-0.51%)	DP	OpenShort	-65	-0	-15	0	2	-67	0.01	35%	-0.06	-55.7	0.89%	0	-1.2	41	INF

16	Dec_12_2017	30.85	29.45	29.36	29.19	29.18	29.16	29.29(0.58%)	DP	OpenShort	-75	0.4	-24	-10	-11	-64	0.01	35%	-0.06	-69.3	0.89%	0	-0.6	44	INF
17	Dec_11_2017	30.87	29.47	29.42	29.24	29.23	29.26	29.12(0.1%)	DP	OpenShort	-75	-0.5	-19	10	-8	-50	0.01	35%	-0.1	-76.1	0.89%	0	-1.3	38	INF
18	Dec_8_2017	30.9	29.5	29.49	29.34	29.35	29.2	29.09(-0.14%)	DT	OpenShort	-75	-1	-19	-30	-11	-41	0.01	35%	-0.06	-77.6	0.89%	0	-1.6	34	INF
19	Dec_7_2017	30.92	29.54	29.55	29.43	29.44	29.21	29.13(-0.68%)	DT	OpenShort	-75	-1.2	-24	-50	-22	-29	0.01	35%	-0.06	-69.3	0.89%	0	-1.6	46	INF
20	Dec_6_2017	30.94	29.6	29.6	29.47	29.51	29.5	29.33(-0.74%)	DT	OpenShort	-75	-0.5	-15	0	-17	-10	0.01	35%	-0.06	-58.9	0.89%	0	-1	60	INF

21	Dec_5_2017	30.96	29.63	29.62	29.56	29.56	29.66	29.55(-0.17%)	UD	OpenLong	75	-0	4	20	0	16	0.01	37%	-0.03	-43.9	0.89%	0	-0.3	60	INF
22	Dec_4_2017	30.97	29.66	29.63	29.63	29.62	29.52	29.6(0.27%)	UD	OpenLong	65	-0.1	6	-20	-1	28	0.02	37%	-0.03	-26.9	0.9%	0	-0.2	52	INF
23	Dec_1_2017	30.98	29.69	29.65	29.66	29.68	29.46	29.52(0.58%)	N/A	N/A	0	-0.4	-10	-50	-21	24	0.01	39%	-0.03	-26.1	0.9%	0	-0.5	46	INF
24	Nov_30_2017	30.99	29.73	29.64	29.7	29.76	29.73	29.35(-1.38%)	N/A	N/A	0	-1	-6	-0	-14	20	0	39%	-0.03	-25.4	0.9%	0	-1.1	39	INF
25	Nov_29_2017	31	29.76	29.61	29.74	29.82	29.89	29.76(-0.6%)	UD	OpenLong	75	0.1	12	20	12	12	0.01	41%		-24.6	0.89%	0	0	41	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

Click to see actual return for next trading day.