Technical Analysis for MJ - ETFMG Alternative Harvest ETF

Grade Last Price % Change Price Change
grade F 13.145 1.58% 0.21
MJ closed down 2.63 percent on Friday, July 31, 2020, on 1.31 times normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MJ trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 1.58%
MACD Bearish Centerline Cross Bearish 1.58%
MACD Bearish Signal Line Cross Bearish 1.58%
180 Bearish Setup Bearish Swing Setup 1.58%
Bollinger Band Squeeze Range Contraction 1.58%
Outside Day Range Expansion 1.58%
20 DMA Support Bullish -1.09%
Bollinger Band Squeeze Range Contraction -1.09%
NR7 Range Contraction -1.09%
Fell Below 50 DMA Bearish -1.02%

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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
Medicine Health Cancer Pain Pain Management Cannabis Euphoriants Medicinal Plants Cancer Treatment Entheogens Herbalism Epilepsy Medical Cannabis Legality Of Cannabis

Top 10 Components

Symbol Grade Percentage
GWPH 11.30
CRON 9.38
CGC 8.26
APHA 5.66
ACB 4.80
CRBP 4.40
TLRY 4.02
ARNA 3.65
TPB 3.63
OGI 3.23
View All MJ Holdings

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 29.25
52 Week Low 8.81
Average Volume 760,459
200-Day Moving Average 14.79
50-Day Moving Average 13.54
20-Day Moving Average 13.23
10-Day Moving Average 13.26
Average True Range 0.39
ADX 9.73
+DI 25.66
-DI 25.16
Chandelier Exit (Long, 3 ATRs ) 12.72
Chandelier Exit (Short, 3 ATRs ) 13.79
Upper Bollinger Band 13.72
Lower Bollinger Band 12.75
Percent B (%b) 0.2
BandWidth 7.32
MACD Line -0.02
MACD Signal Line -0.01
MACD Histogram -0.0115
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.66
Resistance 3 (R3) 13.73 13.55 13.54
Resistance 2 (R2) 13.55 13.37 13.52 13.50
Resistance 1 (R1) 13.25 13.26 13.16 13.18 13.46
Pivot Point 13.07 13.07 13.03 13.04 13.07
Support 1 (S1) 12.77 12.89 12.68 12.70 12.42
Support 2 (S2) 12.59 12.78 12.56 12.38
Support 3 (S3) 12.29 12.59 12.34
Support 4 (S4) 12.22