Stock Symbol:   

Stoxline Mobile
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ETFMG 2X Daily Inverse Alternative Harvest ETF (MJIN)

15.3349   0 (0%) 11-23 15:09
Open: 13.36 Pre. Close: 15.3599
High: 15.42 Low: 13.3
Volume: 7,256 Market Cap: 0(M)

Technical analysis

as of: 2023-01-06 4:32:55 PM
Short-term rate:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Mid-term rate:       
Target: Six months: 19.07     One year: 21.25
Support: Support1: 13.3    Support2: 11.06
Resistance: Resistance1: 16.32    Resistance2: 18.2
Pivot: 15.33
Moving Average: MA(5): 15.33     MA(20): 15.36
MA(100): 19     MA(250): 17.56
MACD: MACD(12,26): -0.5     Signal(9): -0.7
Stochastic oscillator: %K(14,3): 60.5     %D(3): 53.9
RSI: RSI(14): 41.6
52-week: High: 26.72  Low: 9.52
Average Vol(K): 3-Month: 3 (K)  10-Days: 1 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ MJIN ] has closed above bottom band by 48.9%. Bollinger Bands are 98.1% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 15 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 15.37 - 15.45 15.45 - 15.51
Low: 15.12 - 15.23 15.23 - 15.31
Close: 15.19 - 15.35 15.35 - 15.47

Company Description

The fund invests in financial instruments that, in combination, provide daily inverse exposure to the index or to ETFs that track the index to seek returns equal to -200% of the daily return of the index. The index tracks the performance of the common stock of companies across the globe. The fund will only directly invest in companies that are engaged exclusively in legal activities under applicable national and local laws, including U.S. federal and state laws. It is non-diversified.

Headline News

Mon, 03 Oct 2022
5 Inverse ETFs That Have More Than Doubled This Year - Yahoo Finance

Fri, 30 Sep 2022
5 Best Inverse-Leveraged ETFs of September - Nasdaq

Mon, 30 May 2022
A Reassessment Of The Cannabis ETFs - Seeking Alpha

Tue, 19 Apr 2022
Light Up Your Portfolio: 420 Cannabis Market Outlook - Seeking Alpha

Wed, 06 Oct 2021
New Inverse Leveraged Cannabis ETF Launches: MJIN By ETFMG - Yahoo Finance

Tue, 26 Sep 2023

Financial Analysis

Price to Book Value: Neutral
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Neutral
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Neutral
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Shares Out. 0 (M)
Shares Float 0 (M)
% Held by Insiders 0 (%)
% Held by Institutions 0 (%)
Shares Short 0 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0
Profit Margin (%) 0
Operating Margin (%) 0
Return on Assets (ttm) 0
Return on Equity (ttm) 0
Qtrly Rev. Growth 0
Gross Profit (p.s.) 0
Sales Per Share 0
EBITDA (p.s.) 0
Qtrly Earnings Growth 0
Operating Cash Flow 0 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 0
PEG Ratio 0
Price to Book value 0
Price to Sales 0
Price to Cash Flow 0

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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