Index Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
ETFMG Alternative Harvest ETF (GIF:MJ)
Strong Downtrend (-100) - MJ is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Apr 15th, 2019 at 34.64
The intermediate-term trend has been DOWN since Aug 7th, 2020 at 12.73
The short-term trend has been DOWN since Aug 6th, 2020 at 12.97
Smart Scan Analysis for MJ
Based on our trend formula, MJ is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).