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MJUS
ETF ticker: NYSE ARCA
AS OF
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Net Assets
119.51M

MJUS ETFMG US Alternative Harvest ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MJUS with price predictions
07:00 PM EST Nov 30, 2023

MJUS saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for MJUS moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 28 similar instances where the indicator exited the overbought zone. In of the 28 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MJUS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MJUS broke above its upper Bollinger Band on November 13, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MJUS's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on MJUS as a result. In of 41 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MJUS just turned positive on November 06, 2023. Looking at past instances where MJUS's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .

MJUS moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MJUS advanced for three days, in of 108 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 29 cases where MJUS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Innovative Industrial Properties (NYSE:IIPR).

Industry description

The investment seeks income and long-term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the “Cannabis Business” in the United States, and in derivatives that have economic characteristics similar to such securities. It will will concentrate at least 25% of its investments in the Pharmaceuticals industry and Equity Real Estate Investment Trusts (REITs) industry groups. The fund is non-diversified.

Market Cap

The average market capitalization across the ETFMG US Alternative Harvest ETF ETF is 384.81M. The market cap for tickers in the group ranges from 55.42M to 2.24B. IIPR holds the highest valuation in this group at 2.24B. The lowest valued company is BGXX at 55.42M.

High and low price notable news

The average weekly price growth across all stocks in the ETFMG US Alternative Harvest ETF ETF was 1%. For the same ETF, the average monthly price growth was 19%, and the average quarterly price growth was 12%. MAPS experienced the highest price growth at 16%, while BGXX experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the ETFMG US Alternative Harvest ETF ETF was 161%. For the same stocks of the ETF, the average monthly volume growth was 30% and the average quarterly volume growth was 14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 72
Price Growth Rating: 66
SMR Rating: 87
Profit Risk Rating: 94
Seasonality Score: -15 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

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MJUS and

Correlation & Price change

A.I.dvisor tells us that MJUS and THCX have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MJUS and THCX's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MJUS
1D Price
Change %
MJUS100%
+2.47%
THCX - MJUS
28%
Poorly correlated
+3.38%
QCLN - MJUS
13%
Poorly correlated
+3.88%
JETS - MJUS
13%
Poorly correlated
+2.73%
XT - MJUS
8%
Poorly correlated
+1.71%
TAN - MJUS
7%
Poorly correlated
+4.43%
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