Index Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
ETFMG Alternative Harvest ETF (GIF:MJ)
Countertrend Up (+85) - MJ is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 1st, 2020 at 15.8801
The intermediate-term trend has been UP since Jan 6th, 2021 at 15.6170
The short-term trend has been DOWN since Feb 12th, 2021 at 24.5951
Smart Scan Analysis for MJ
Based on our trend formula, MJ is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).