ETFMG U.S. Alternative Harvest ETF Price & Performance (MJUS)

The ETFMG Alternative Harvest ETF (MJ) closed at $18.26, posting a 2.53% gain on April 22, yet technical indicators remain mixed. While the short-term trend is upward, volume fell and long-term signals suggest caution. Analysts maintain a negative outlook for the coming weeks, citing high volatility and risk.12

MJ, focused on the legal cannabis sector, offers diversified exposure to cultivators, manufacturers, and service providers. With growing global acceptance and legalization, the ETF is positioned for potential long-term gains. However, recent performance shows significant volatility and risk, making it suitable for investors with higher risk tolerance.32

Over the past year, MJ ETF has fallen more than 57%, and historical data indicates an average 14.6% decline over the next 52 weeks. Despite being considered undervalued by some analysts, the ETF’s recent performance and technical trends point to continued caution for prospective buyers.245