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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.

GIF_MJ
Open High Low MJ Price Change
23.3500 24.3038 23.3395 24.2290 +0.8790
Entry Signal

MarketClub’s Trade Triangles for MJ

long term up The long-term trend has been UP since Dec 1st, 2020 at 15.8801

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2021 at 15.6170

short term down 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).

+85
Smart Scan Analysis for MJ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.3500 24.3038 23.3395 24.2290 +0.8790
Prev. Close Volume Bid Ask Time
23.3500 0 2021-02-24 19:26:48
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