The Universe, week of Jun 22 2015… The weak grow weaker.
Note: I publish “The Universe” every weekend, updating my support and resistance calculations for Marijuana sector stocks. It is not a projection, but a handy reference… Non-Marijuana stocks are covered elsewhere during the week.]
Links to || Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||
There was a miniscule change in this week”s percentages of stocks above or below their 4-week moving averages. Frankly, I was surprised the delta was so low. But that”s how it netted out, after adjusting several stocks downward for abandoning their recent surges, and adjusting a couple upward for recently surging.
Death by 999 cuts.
News doesn”t seem to have been bearish for the sector”s fundamentals. Perhaps the most bearish observation to make is that one of the two original institutionally-qualified equities has evaporated almost entirely. Not GWPH but MDBX. It”s the only component to have threatened* triple-digits (to the left of the decimal point).
MDBX could be the sector”s poster child, if it weren”t already occupied being its canary. It peaked at 93.50 on January 8, 2014 just after a CNBC segment featured them. *The stock had traded 215 in November 2012, but I don”t consider that in my sector analysis since the “sector” had limited components.
Anyway, a more common effect of rotation out of leadership is to benefit laggards. But MDBX has led the way down. And now, the other original GWPH large-cap has been joined by a later entry, INSY. A universe of two is too small for concocting reliable conclusions, but one cannot help but notice that both are on the sector”s medicinal side, as opposed to recreational.
INSY just began reaping the rewards of its stock split, surging to new highs. GWPH is currently challenged by a test of 117-120 support whose break is being delayed by outstanding potential to first print 132. Will their eventual corrections see capital rotate into the sector”s lagging medicinal players? I suspect that will be our focus in The Universe sooner, rather than later.
| Marijuana Stock Universe for June 22 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 10 | 10.00% |
| trends* | # flat: | 15 | 15.00% |
| # down: | 75 | 75.00% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACGX | 0.000 | 0.003 | flat |
| AERO | 2.310 | 4.030 | down |
| AGTK | 0.008 | 0.022 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 3.800 | 5.030 | flat |
| ATTBF | 0.035 | 0.075 | down |
| AVTC | 0.000 | 0.400 | down |
| AXXU | 0.037 | 0.140 | down |
| BLOZF | 0.130 | 0.340 | down |
| BLPG | 0.044 | 0.102 | down |
| BNRDF | 0.410 | 0.580 | down |
| BRDT | 0.032 | 0.094 | down |
| BTFL | 0.071 | 0.232 | down |
| CANL | 0.750 | 1.250 | down |
| CANN | 1.690 | 4.600 | down |
| CANV | 0.860 | 1.640 | down |
| CARA | 10.750 | 12.000 | up |
| CBDS | 1.830 | 5.630 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.027 | 0.038 | down |
| CGRW | 0.550 | 0.750 | up |
| CHUM | n/a | n/a | down |
| CNAB | 0.530 | 0.750 | flat |
| DEWM | 0.002 | 0.004 | flat |
| DIGPD | 0.235 | 0.465 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.013 | 0.020 | up |
| EDXC | 0.019 | 0.047 | down |
| ENDO | 0.016 | 0.025 | up |
| ENRT | 0.017 | 0.037 | down |
| ERBB | 0.003 | 0.007 | down |
| ETST | n/a | n/a | flat |
| EXMT | 0.000 | 0.004 | up |
| FITX | 0.005 | 0.012 | down |
| CAFS | 0.005 | 0.030 | down |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.360 | 4.140 | flat |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.270 | 0.460 | up |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.023 | 0.067 | down |
| GWPH | 101.550 | 132.000 | up |
| HEMP | 0.011 | 0.018 | down |
| ICBU | 0.002 | 0.011 | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.100 | 0.180 | down |
| INCC | 0.000 | 0.001 | down |
| INSY | 37.350 | 42.300 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.000 | 0.001 | down |
| LXRP | 0.098 | 0.022 | flat |
| MCIG | 0.035 | 0.074 | down |
| MDBX | 0.140 | 0.290 | down |
| MDCN | 0.005 | 0.022 | down |
| MDRM | 0.032 | 0.061 | down |
| MINE | 0.003 | 0.007 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.001 | 0.003 | down |
| MJNA | 0.072 | 0.100 | flat |
| MNTR | 0.507 | 0.928 | down |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.110 | 0.280 | flat |
| NDEV | 0.040 | 0.165 | down |
| NRTI | 0.001 | 0.003 | down |
| NTRR | 0.017 | 0.030 | down |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.001 | 0.005 | down |
| OXIS | 0.023 | 0.033 | down |
| PHOT | 0.019 | 0.065 | down |
| PLPL | 0.220 | 0.315 | flat |
| PMCB | 0.110 | 0.163 | down |
| PNTV | n/a | n/a | down |
| PZOO | 0.011 | 0.017 | flat |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | flat |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | down |
| SING | 0.008 | 0.016 | flat |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.141 | 0.230 | down |
| SRNA | 0.040 | 0.090 | down |
| STEV | 0.050 | 0.067 | down |
| TAUG | 0.004 | 0.008 | down |
| THCZ | 0.064 | 0.157 | down |
| TRTC | 0.090 | 0.180 | down |
| TURV | 0.710 | 1.11 | up |
| TWMJF | 1.420 | 1.860 | down |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | down |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.415 | 0.715 | flat |
| VAPR | 0.030 | 0.090 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.036 | 0.066 | up |
| VPCO | 0.300 | 0.480 | down |
| VPOR | 0.000 | 0.003 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.002 | 0.007 | down |
| XTRM | 0.001 | 0.004 | down |
| XXII | 0.820 | 1.160 | flat |