Technical Analysis for MJ - ETFMG Alternative Harvest ETF

Grade Last Price % Change Price Change
D 3.35 3.40% 0.11
MJ closed up 3.4 percent on Wednesday, July 3, 2024, on approximately normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
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Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Down Flat

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Bullish Engulfing Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Bollinger Band Squeeze Range Contraction 3.40%
Stochastic Reached Oversold Weakness 3.40%
BB Squeeze + Lower Band Touch Range Contraction 3.40%

   Recent Intraday Alerts

Alert Time
200 DMA Resistance about 10 hours ago
10 DMA Resistance about 10 hours ago
2x Volume Pace about 10 hours ago
20 DMA Resistance about 10 hours ago
Rose Above 20 DMA about 11 hours ago

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Profile

MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. First U.S. and world’s largest ETF to target the global cannabis industry. Many other significant applications for cannabis and THC based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management. The global cannabis market is expected to grow at a CAGR of around 17% and reach $55.8 billion by 2025.¹
Classification

Keywords: Medicine Cancer Pain Cancer Treatment Cannabis Euphoriants Opioids Entheogens Pain Management Medicinal Plants Epilepsy Herbalism Medical Cannabis

Top 10 Components

Symbol Grade Price % Change Allocation
TLRY D 4.85 8.34
IIPR B 1.09 7.30
SNDL D 4.26 5.22
REFI B -0.07 2.53
AFCG B -0.25 2.09
HITI D 0.00 1.60
GRWG F 0.92 1.34
OGI D 6.71 1.26
PM B -0.22 0.77
MAPS C -0.91 0.77

Is MJ a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 4.6017
52 Week Low 2.4786
Average Volume 1,476,007
200-Day Moving Average 3.33
50-Day Moving Average 3.65
20-Day Moving Average 3.38
10-Day Moving Average 3.37
Average True Range 0.14
RSI (14) 45.05
ADX 17.45
+DI 18.20
-DI 21.84
Chandelier Exit (Long, 3 ATRs) 3.17
Chandelier Exit (Short, 3 ATRs) 3.63
Upper Bollinger Bands 3.52
Lower Bollinger Band 3.24
Percent B (%b) 0.4
BandWidth 8.36
MACD Line -0.08
MACD Signal Line -0.09
MACD Histogram 0.0083
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.62
Resistance 3 (R3) 3.61 3.50 3.58
Resistance 2 (R2) 3.50 3.43 3.51 3.56
Resistance 1 (R1) 3.43 3.39 3.47 3.44 3.54
Pivot Point 3.32 3.32 3.34 3.33 3.32
Support 1 (S1) 3.25 3.25 3.29 3.26 3.16
Support 2 (S2) 3.14 3.21 3.15 3.14
Support 3 (S3) 3.07 3.14 3.13
Support 4 (S4) 3.08