Technical Analysis for YOLO - AdvisorShares Pure Cannabis ETF

Grade Last Price % Change Price Change
F 2.62 -0.76% -0.02
YOLO closed down 0.76 percent on Wednesday, November 20, 2024, on 1.35 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Calm After Storm Range Contraction -0.76%
NR7 Range Contraction -0.76%
Wide Bands Range Expansion -0.76%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 20 hours ago
1.5x Volume Pace about 20 hours ago
Fell Below Previous Day's Low about 20 hours ago
Down 1% about 20 hours ago
60 Minute Opening Range Breakdown 1 day ago

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Profile

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

Top 10 Components

Symbol Grade Price % Change Allocation
MSOS F 1.71 35.08
HITI C -0.37 11.58
SNDL F -1.01 7.02
REFI A 0.06 4.06
JAZZ B 2.07 3.63
OGI F 2.07 3.38
AFCG D -0.10 3.33
TLRY F -1.53 2.28
INM B -2.76 0.62

Is YOLO 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 4.6781
52 Week Low 2.45
Average Volume 55,277
200-Day Moving Average 3.45
50-Day Moving Average 3.15
20-Day Moving Average 3.00
10-Day Moving Average 2.71
Average True Range 0.14
RSI (14) 34.21
ADX 28.64
+DI 13.72
-DI 34.11
Chandelier Exit (Long, 3 ATRs) 3.09
Chandelier Exit (Short, 3 ATRs) 2.88
Upper Bollinger Bands 3.64
Lower Bollinger Band 2.36
Percent B (%b) 0.21
BandWidth 42.79
MACD Line -0.17
MACD Signal Line -0.13
MACD Histogram -0.0363
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.71
Resistance 3 (R3) 2.72 2.69 2.70
Resistance 2 (R2) 2.69 2.67 2.69 2.69
Resistance 1 (R1) 2.66 2.66 2.68 2.65 2.68
Pivot Point 2.63 2.63 2.64 2.63 2.63
Support 1 (S1) 2.60 2.61 2.62 2.59 2.56
Support 2 (S2) 2.57 2.60 2.57 2.55
Support 3 (S3) 2.54 2.57 2.55
Support 4 (S4) 2.53