Technical Analysis for MJ - ETFMG Alternative Harvest ETF

Grade Last Price % Change Price Change
C 4.31 -2.49% -0.11
MJ closed down 2.49 percent on Friday, May 17, 2024, on 57 percent of normal volume.
5 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Gapped Up Strength 0.00%
Pocket Pivot Bullish Swing Setup -2.49%
Up 3 Days in a Row Strength -2.49%
Up 4 Days in a Row Strength -2.49%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.23%
Gapped Up Strength 0.23%

   Recent Intraday Alerts

Alert Time
Down 3% 1 day ago
Fell Below Previous Day's Low 1 day ago
Possible Inside Day 1 day ago
Down 2 % 1 day ago
Down 1% 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
SNDL C -7.17 8.32
TLRY F -6.60 7.62
IIPR B 0.20 6.47
REFI C 0.77 2.84
AFCG C -0.49 2.39
GRWG C -9.69 1.95
HITI C -7.53 1.92
OGI D -0.49 1.13
MAPS F -9.09 1.06
TPB B 0.59 0.68

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 4.83
52 Week Low 2.6016
Average Volume 2,603,637
200-Day Moving Average 3.45
50-Day Moving Average 3.93
20-Day Moving Average 4.12
10-Day Moving Average 4.21
Average True Range 0.23
RSI (14) 56.14
ADX 41.97
+DI 31.12
-DI 8.28
Chandelier Exit (Long, 3 ATRs) 4.14
Chandelier Exit (Short, 3 ATRs) 4.31
Upper Bollinger Bands 4.64
Lower Bollinger Band 3.60
Percent B (%b) 0.68
BandWidth 25.45
MACD Line 0.11
MACD Signal Line 0.10
MACD Histogram 0.015
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.62
Resistance 3 (R3) 4.64 4.57 4.57
Resistance 2 (R2) 4.57 4.49 4.55 4.55
Resistance 1 (R1) 4.44 4.44 4.40 4.41 4.53
Pivot Point 4.36 4.36 4.34 4.35 4.36
Support 1 (S1) 4.23 4.28 4.20 4.21 4.09
Support 2 (S2) 4.16 4.23 4.14 4.07
Support 3 (S3) 4.03 4.16 4.05
Support 4 (S4) 4.00