Technical Analysis for YOLO - AdvisorShares Pure Cannabis ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| MACD Bearish Signal Line Cross | Bearish | 1.25% | |
| NR7 | Range Contraction | 1.25% | |
| Doji - Bullish? | Reversal | 1.25% | |
| Down 3 Days in a Row | Weakness | 1.25% | |
| Down 4 Days in a Row | Weakness | 1.25% | |
| Fell Below 20 DMA | Bearish | 0.78% | |
| Fell Below 50 DMA | Bearish | 0.78% | |
| Down 3 Days in a Row | Weakness | 0.78% | |
| Gapped Down | Weakness | 0.78% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 20 hours ago |
| 50 DMA Resistance | about 20 hours ago |
| Up 1% | about 23 hours ago |
| Rose Above Previous Day's High | 1 day ago |
| Possible NR7 | 2 days ago |
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AdvisorShares Pure Cannabis ETF Description
Cannabis and its various applications have been used throughout human civilization for over 5,000 years. As society, business and regulatory landscapes evolve in the 21st century, the upside potential of cannabis as an emerging investment avenue has arrived. The portfolio manager believes today’s new era can be viewed in similar regard to post-Prohibition, commencing a growing acknowledgement and understanding of cannabis and its uses among a mainstream audience. The industries that comprise the multi-billion dollar cannabis universe represent a new frontier, where proper caution and due diligence must be exercised surrounding its regulations and risks, in seeking attractive long-term cannabis investment opportunities. The AdvisorShares Pure Cannabis ETF (Ticker: YOLO) became the first actively managed ETF with a dedicated cannabis investment mandate domiciled in the United States. The AdvisorShares Pure Cannabis ETF, or YOLO, seeks long-term capital appreciation by investing in both domestic and foreign cannabis equity securities. YOLO is designed to fully-invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Advisorshares Cannabis Portfolio Management Psychoactive Drugs Euphoriants Entheogens Medicinal Plants Cannabis Smoking Portfolio Manager
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 4.6781 |
| 52 Week Low | 2.5476 |
| Average Volume | 34,577 |
| 200-Day Moving Average | 3.50 |
| 50-Day Moving Average | 3.25 |
| 20-Day Moving Average | 3.29 |
| 10-Day Moving Average | 3.37 |
| Average True Range | 0.09 |
| RSI (14) | 47.09 |
| ADX | 15.51 |
| +DI | 21.12 |
| -DI | 26.34 |
| Chandelier Exit (Long, 3 ATRs) | 3.24 |
| Chandelier Exit (Short, 3 ATRs) | 3.38 |
| Upper Bollinger Bands | 3.53 |
| Lower Bollinger Band | 3.04 |
| Percent B (%b) | 0.43 |
| BandWidth | 14.70 |
| MACD Line | 0.02 |
| MACD Signal Line | 0.03 |
| MACD Histogram | -0.0135 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 3.32 | ||||
| Resistance 3 (R3) | 3.32 | 3.29 | 3.31 | ||
| Resistance 2 (R2) | 3.29 | 3.27 | 3.29 | 3.31 | |
| Resistance 1 (R1) | 3.27 | 3.26 | 3.28 | 3.27 | 3.30 |
| Pivot Point | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 |
| Support 1 (S1) | 3.22 | 3.22 | 3.23 | 3.23 | 3.20 |
| Support 2 (S2) | 3.19 | 3.21 | 3.19 | 3.19 | |
| Support 3 (S3) | 3.17 | 3.19 | 3.19 | ||
| Support 4 (S4) | 3.18 |
