MJ Stock Summary and Trading Ideas (Amplify ETF Trust Amplify Alternative Harvest ETF | ARCA:MJ)

The Fund uses a indexing approach to try to achieve the Fund's investment objective. The Fund does not try to "beat" the Prime Alternative Harvest Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Index tracks the performance of the common stock (or corresponding American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs")) of companies across the globe, including U.S. companies, that (i) engage in the cultivation,production, marketing or distribution of cannabis, including industrial hemp (ii) engage in the production, marketing, transportation or distribution of products containing cannabis, including industrial hemp, for medical or non-medical purposes, including, but not limited to, drugs, supplements, or food products.

Amplify ETF Trust Amplify Alternative Harvest ETF trades on the ARCA stock market under the symbol MJ.

As of February 28, 2025, MJ stock price declined to $22.49 with 161,475 million shares trading.

MJ has a market cap of $129.69 million. This is considered a Micro Cap stock.

In the last 3 years, MJ traded as high as $137.40 and as low as $22.48.

MJ has underperformed the market in the last year with a price return of -37.4% while the SPY ETF gained +18.8%. MJ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.2% and -13.6%, respectively, while the SPY returned -0.4% and -2.5%, respectively.

MJ support price is $22.31 and resistance is $23.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MJ shares will trade within this expected range on the day.