MDJM Ltd [MDJH] Is Currently -26.09 below its 200 Period Moving Avg: What Does This Mean?

MDJM Ltd [NASDAQ: MDJH] loss -26.09% or -0.42 points to close at $1.19 with a heavy trading volume of 5563609 shares.

The daily chart for MDJH points out that the company has recorded 1.06% gains over the past six months.

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If we look at the average trading volume of 75.58K shares, MDJH reached to a volume of 5563609 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about MDJM Ltd [MDJH]:

The Average True Range (ATR) for MDJM Ltd is set at 0.17, with the Price to Sales ratio for MDJH stock in the period of the last 12 months amounting to 99.28. The Price to Book ratio for the last quarter was 3.58, with the Price to Cash per share for the same quarter was set at 0.04.

Trading performance analysis for MDJH stock

MDJM Ltd [MDJH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.75. With this latest performance, MDJH shares dropped by -3.25% in over the last four-week period, additionally plugging by 1.06% over the last 6 months – not to mention a drop of -38.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDJH stock in for the last two-week period is set at 45.22, with the RSI for the last a single of trading hit 42.34, and the three-weeks RSI is set at 46.89 for MDJM Ltd [MDJH]. The present Moving Average for the last 50 days of trading for this stock 1.2782, while it was recorded at 1.3850 for the last single week of trading, and 1.3525 for the last 200 days.

MDJM Ltd [MDJH]: A deeper dive into fundamental analysis

MDJM Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.59 and a Current Ratio set at 5.59.

An analysis of Institutional ownership at MDJM Ltd [MDJH]

The top three institutional holders of MDJH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MDJH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MDJH stock with ownership which is approximately 5.1238%.

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