Index Trend Analysis Report
Prepared for you on Tuesday, October 27, 2020.
ETFMG Alternative Harvest ETF (GIF:MJ)
Bear Market Rally (-75) - MJ is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MJ as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MJ?
MarketClub looks at technical strength and momentum to determine if the timing is right for MJ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MJ
The long-term trend has been DOWN since Sep 3rd, 2020 at 12.1894
The intermediate-term trend has been UP since Oct 9th, 2020 at 11.5746
The short-term trend has been DOWN since Oct 26th, 2020 at 11.2800
Smart Scan Analysis for MJ
Based on our trend formula, MJ is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).