Technical Analysis for MJ - ETFMG Alternative Harvest ETF

Grade Last Price % Change Price Change
C 3.63 6.45% 0.22
MJ closed up 6.45 percent on Monday, March 18, 2024, on 1.78 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
3 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 20 DMA Bullish 6.45%
Crossed Above 200 DMA Bullish 6.45%
Wide Range Bar Range Expansion 6.45%
Oversold Stochastic Weakness 6.45%
Stochastic Buy Signal Bullish 16.72%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 12 hours ago
Upper Bollinger Band Resistance about 15 hours ago
Rose Above Upper Bollinger Band about 15 hours ago
60 Minute Opening Range Breakout about 15 hours ago
Up 5% about 16 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 10.98 8.01
IIPR B 0.60 7.46
SNDL D 6.43 5.61
REFI C -0.80 3.70
AFCG B 0.96 3.10
HITI D -5.49 1.90
GRWG F 0.00 1.75
OGI B 7.73 1.52
MAPS D 9.72 1.02
SMG B -1.79 0.75

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 4.6644
52 Week Low 2.64
Average Volume 3,551,957
200-Day Moving Average 3.28
50-Day Moving Average 3.48
20-Day Moving Average 3.35
10-Day Moving Average 3.25
Average True Range 0.16
RSI (14) 60.16
ADX 20.14
+DI 31.98
-DI 18.20
Chandelier Exit (Long, 3 ATRs) 3.22
Chandelier Exit (Short, 3 ATRs) 3.56
Upper Bollinger Bands 3.66
Lower Bollinger Band 3.04
Percent B (%b) 0.96
BandWidth 18.33
MACD Line -0.05
MACD Signal Line -0.07
MACD Histogram 0.0232
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.99
Resistance 3 (R3) 3.97 3.84 3.93
Resistance 2 (R2) 3.84 3.74 3.85 3.91
Resistance 1 (R1) 3.73 3.69 3.79 3.75 3.89
Pivot Point 3.60 3.60 3.62 3.61 3.60
Support 1 (S1) 3.49 3.50 3.55 3.51 3.37
Support 2 (S2) 3.36 3.45 3.37 3.35
Support 3 (S3) 3.25 3.36 3.33
Support 4 (S4) 3.27