The Universe, week of September 15 2014
[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 ||
Sometimes, “unchanged” is no small victory. Last week”s percentages of both stocks in uptrends and stocks in downtrends contracted. The percentage of stocks that are ranging sideways remained the same.
The two prior weeks had made a tentative promise, and then took it away. Uptrend percentages had expanded, and that was followed by renewed weakness. Not immediately extending the weakness makes the prior week”s deterioration suspect.
How bullish can that possibly be, when high-profile stocks like TRTC, ATTBF, VPOR and MCIG continue falling to lower and lower lows? Those stocks — no stocks — are a proxy for the sector at this stage. Let”s ask the question another way: Why aren”t downtrending stocks increasing their percentage while ATTBF, MCIG, etc. extend their declines?
This action is not to be confused with relative strength. Down is down. And flat is not up. But these stats do suggest the environment may be more responsive to outside influences. The ongoing decline has either ignored positive developments in the sector, or else responded only momentarily.
One very recent development is news that a Warren Buffet / Berkshire Hathaway company is marketing to growers. This development”s significance is simply that it raises the sector”s profile among more people. There is otherwise no impact on the sector. Any reaction should be temporary, but not reacting would be bearish. I”ll assess the impact Monday.
-=Enjoy
| Marijuana Stock Technical Trader”s Universe for September 15, 2014 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 13 | 13.54% |
| trends* | # flat: | 24 | 25.00% |
| # down: | 59 | 61.46% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | n/a | n/a | down |
| ACGX | 0.002 | 0.004 | flat |
| ADCS | n/a | n/a | n/a |
| AEGY | n/a | n/a | flat |
| AERO | 3.800 | 5.900 | down |
| AGTK | 0.113 | 0.164 | down |
| ANAS | 0.000 | 0.003 | down |
| ANYI | 0.015 | 0.035 | up |
| ARNA | 4.000 | 5.000 | down |
| ATTBF | 0.300 | 0.450 | down |
| AVTC | 1.640 | 2.500 | down |
| BIMI | 0.660 | 1.210 | down |
| BLOZF | n/a | n/a | n/a |
| BLPG | 0.350 | 0.760 | flat |
| BRDT | 0.162 | 0.217 | down |
| CALB | n/a | n/a | up |
| CANL | 0.960 | 1.500 | down |
| CANLF | 0.217 | 0.302 | down |
| CANN | 4.250 | 7.750 | flat |
| CANV | 2.100 | 3.550 | down |
| CARA | 9.230 | 10.910 | down |
| CBDS | 8.400 | 10.170 | flat |
| CBGI | 0.005 | 0.035 | down |
| CBIS | 0.070 | 0.092 | down |
| CHUM | n/a | n/a | down |
| CNAB | 1.250 | 1.788 | flat |
| CTCO | 0.235 | 0.640 | down |
| CYBK | 0.010 | 0.036 | flat |
| DEWM | 0.000 | 0.003 | down |
| DIGP | 0.605 | 1.100 | flat |
| DSCR | 0.002 | 0.003 | up |
| EAPH | 0.013 | 0.022 | up |
| EDXC | 0.056 | 0.086 | down |
| EGRVD | n/a | n/a | n/a |
| ENDO | 0.023 | 0.040 | down |
| ENRT | 0.048 | 0.100 | down |
| ERBB | 0.015 | 0.023 | up |
| EXMT | 0.000 | 0.004 | up |
| FITX | 0.059 | 0.085 | up |
| FRTD | n/a | 0.008 | flat |
| FSPM | 0.350 | 0.800 | down |
| FULL | 6.790 | 7.790 | flat |
| GBLX | 0.780 | 1.050 | down |
| GRCU | 0.009 | 0.016 | flat |
| GRNH | 0.088 | 0.135 | down |
| GWPH | 87.000 | 95.630 | flat |
| HEMP | 0.023 | 0.052 | down |
| ICBU | 0.013 | 0.035 | flat |
| IGRW | 0.000 | 0.017 | down |
| INSY | 29.800 | 35.250 | flat |
| ITNS | 0.009 | 0.015 | up |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.052 | 0.180 | down |
| MCIG | 0.241 | 0.350 | down |
| MDBX | 9.010 | 13.850 | down |
| MDCN | 0.219 | 1.020 | down |
| MDRM | 0.045 | 0.099 | down |
| MINE | 0.005 | 0.013 | down |
| MJMD | 0.120 | 0.270 | down |
| MJMJ | n/a | n/a | down |
| MJNA | 0.125 | 0.184 | down |
| MJNE | n/a | n/a | down |
| MLCG | 0.015 | 0.050 | down |
| MNTR | 0.660 | 1.767 | down |
| MYEC | 0.014 | 0.026 | up |
| MYHI | 0.403 | 1.280 | up |
| NRTI | 0.033 | 0.077 | down |
| NTRR | 0.126 | 0.284 | down |
| NVLX | 0.180 | 0.255 | down |
| OGRMF | n/a | n/a | n/a |
| OSLH | 0.015 | 0.034 | flat |
| PAUFF | n/a | n/a | down |
| PHOT | 0.050 | 0.090 | flat |
| PLPL | 0.245 | 0.366 | flat |
| PMCM | 0.001 | 0.002 | down |
| PRPM | n/a | n/a | flat |
| PZOO | 0.012 | 0.035 | down |
| QEDN | 0.007 | 0.020 | down |
| REDG | 0.001 | 0.003 | flat |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.384 | 0.636 | up |
| SING | 0.015 | 0.032 | flat |
| SKTO | n/a | 0.004 | flat |
| SPRWF | 0.270 | 0.370 | up |
| SRNA | 1.395 | 2.500 | down |
| STEV | 0.079 | 0.139 | flat |
| TAUG | 0.014 | 0.022 | down |
| TRTC | 0.220 | 0.330 | down |
| TURV | 0.960 | 1.35 | flat |
| TWMJF | 2.040 | 2.710 | flat |
| UPOT | 0.250 | 0.800 | down |
| USEI | 0.002 | 0.008 | up |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 1.580 | 2.050 | down |
| VAPR | 0.041 | 0.110 | down |
| VGPR | 0.002 | 0.008 | down |
| VPCO | 1.800 | 2.850 | down |
| VPOR | 0.025 | 0.050 | down |
| VRCI | 0.009 | 0.025 | down |
| XTRM | 0.003 | 0.008 | down |
| ZDPYD | n/a | n/a | n/a |