Jumia Technologies AG-ADR (NYSE:JMIA) Identified by High Growth Momentum and Trend Template Screen

Jumia Technologies AG-ADR (NYSE:JMIA) has become a significant option for investors using organized growth and momentum methods. The stock was recently identified by a screening process that joins Mark Minervini’s Trend Template with a High Growth Momentum (HGM) rating filter. This two-part method finds companies displaying solid technical condition, pointing to continued upward price movement, together with fundamental traits that suggest faster business expansion. The process aims to find stocks in the initial to middle parts of a major price increase, backed by better financial numbers.

Technical Condition and Trend Template Agreement

Mark Minervini’s Trend Template is a strict group of technical rules made to find stocks in strong, continued upward movements. Jumia meets these requirements, showing good price momentum and market position.

Important technical rules JMIA meets are:

• Price Above Important Moving Averages: The present price is above the increasing 50-day ($9.27), 150-day ($5.18), and 200-day ($4.79) simple moving averages. This arrangement confirms positive trends across short, medium, and long-term periods.
• Moving Average Arrangement: The 50-day SMA is positioned above both the 150-day and 200-day SMAs, and the 150-day SMA is above the 200-day SMA. This ordered, rising arrangement of moving averages is a standard sign of a solid Stage 2 upward movement, a central idea in Minervini's method that helps avoid stocks in resting or falling stages.
• Nearness to 52-Week Highs: The stock is changing hands within 12% of its 52-week high of $13.14, showing it has the momentum common of market leaders. At the same time, the price is more than 625% above its 52-week low of $1.60, showing a strong recovery and trend shift.
• Better Relative Performance: With a ChartMill Relative Strength (CRS) rating of 97.6, JMIA is doing better than almost 98% of the whole stock market. Minervini points out that stocks with high relative performance, usually above 70 and ideally in the 80s or 90s, are frequently the top performers because they are in great need.

Fundamentals for High Growth Momentum

Beyond technical factors, the method needs basic fundamental condition to support continued price gains. Jumia displays several measurements that add to its high Growth Momentum rating, concentrating on earnings gains and positive analyst views.

• Earnings Per Share (EPS) Speed Increase: The company displays major gain in its final result. The EPS growth for the latest quarter jumped 37.8% compared to the same quarter last year. This comes after earlier quarterly growth numbers of 66.2% and 10.6%, showing a positive and speeding pattern in profit—an important point Minervini searches for to confirm a company's operational recovery.
• Positive Earnings Changes: Analyst positive feeling is a strong catalyst. The average EPS guess for the next fiscal year has been changed upward by 38.8% over the past three months. Such large upward changes often come before continued institutional purchasing, as they show better expectations for future profit.
• Solid Sales Growth Return: After a time of income reduction, the company's most recent quarterly sales increased by over 25% year-over-year. Also, the sales growth guess for the next quarter is a solid 42.2%, pointing to an expected return of speed in top-line growth. This mix of returning sales and growing earnings is a characteristic of companies starting a high-growth period.

Technical Condition and Position Evaluation

An examination of the technical analysis report for JMIA shows very good condition but indicates waiting for new entry points. The stock receives a top Technical Rating of 10 out of 10, reflecting its strong long-term and short-term positive trends, high relative performance, and place as a sector leader. It is currently changing hands near the top part of its recent area. However, the report mentions a lower Setup Quality rating. This means that while the stock's trend is very good, its recent price activity has been unstable, making it difficult to find a low-risk entry point with a specific stop-loss level. The examination indicates waiting for a time of settling to form before starting a new position.

For a complete look at the support and resistance points, volume patterns, and other technical signs, you can examine the full technical analysis report for JMIA.

Locating Comparable Possibilities

Jumia Technologies shows the kind of possibility that organized screening can find by joining technical trend condition with fundamental growth speed. Investors searching for other stocks that match this particular model of high growth and solid trends can investigate the preset screen. Click here to view the "High Growth Momentum + Trend Template" screen for more potential candidates.

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Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. The information provided should not be used as the sole basis for making any investment decision. Always conduct your own due diligence and consult with a qualified financial advisor before trading.