Technical Analysis for MJ - ETFMG Alternative Harvest ETF

Grade Last Price % Change Price Change
F 2.57 0.00% 0.00
MJ closed unchanged on Wednesday, November 20, 2024, on 61 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -1.53%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low about 18 hours ago
60 Minute Opening Range Breakdown about 19 hours ago
60 Minute Opening Range Breakout about 21 hours ago
Up 1% about 22 hours ago
Possible NR7 1 day 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 F -1.53 7.74
SNDL F -1.01 6.85
IIPR F -0.85 6.82
REFI A 0.06 3.39
HITI C -0.37 2.52
AFCG D -0.10 2.16
OGI F 2.07 1.40
GRWG F 1.71 1.28
MAPS B -1.67 1.12
TPB A 2.10 0.97

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 4.5199
52 Week Low 2.46
Average Volume 901,619
200-Day Moving Average 3.37
50-Day Moving Average 3.12
20-Day Moving Average 2.93
10-Day Moving Average 2.64
Average True Range 0.13
RSI (14) 33.33
ADX 35.14
+DI 10.07
-DI 34.00
Chandelier Exit (Long, 3 ATRs) 3.10
Chandelier Exit (Short, 3 ATRs) 2.85
Upper Bollinger Bands 3.59
Lower Bollinger Band 2.27
Percent B (%b) 0.23
BandWidth 45.01
MACD Line -0.18
MACD Signal Line -0.15
MACD Histogram -0.0331
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.66
Resistance 3 (R3) 2.66 2.64 2.65
Resistance 2 (R2) 2.64 2.61 2.64 2.64
Resistance 1 (R1) 2.60 2.60 2.60 2.60 2.63
Pivot Point 2.58 2.58 2.58 2.58 2.58
Support 1 (S1) 2.54 2.55 2.54 2.54 2.51
Support 2 (S2) 2.52 2.54 2.52 2.50
Support 3 (S3) 2.48 2.52 2.50
Support 4 (S4) 2.48