JP Morgan Alerian MLP (AMJ) Stock Technical Analysis
NYSEARCA:AMJ - NYSE Arca - US46625H3654 - ETF - Currency: USD
Taking everything into account, AMJ scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AMJ is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AMJ is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, AMJ also shows a nice and consistent pattern of rising prices.
AMJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AMJ is leading the market.
In the last month AMJ has a been trading in a tight range between 27.70 and 28.96.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AMJ also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 28.20, a Stop Loss order could be placed below this zone.
More info and screens
24.28
29.24
3 important support areas can be observed.
- A support zone ranging from 28.00 to 28.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.05 to 27.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.53 to 24.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 28.35 to 28.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMJ is up. |
| ChartMill Relative Strength | 78.13 | POSITIVE | AMJ has a high relative strength, it outperformed 78.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.54 | NEUTRAL | The RSI value for AMJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AMJ has a negative trend. |
| Stochastics (14,3) | 57.51 | NEUTRAL | The Stochastics value for AMJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for AMJ suggests low volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for AMJ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.43 | 28.09 | 0.34 (1.20%) | 25.00% |
| An entry @28.43. This is a Buy Stop order right above the 10 day moving average. | An exit @28.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.34 points, which is 1.20%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AMJ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.3
-0.14 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.49%
1 Week-0.32%
2 Weeks-0.88%
1 Month-0.04%
3 Month1.54%
6 Month9.65%
12 Month27.02%
2 Year28.64%
3 Year51.91%
5 Year16.6%
10 Year-42.83%
15 Year24.89%
Volatility
ATR(14)0.37
ATR(20)%1.27%
ATR Inc20.18%
Range Today0.54
ADR(20)0.33
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.13
Mansfield-0.25
10 Day High28.96
10 Day Low28.1
20 Day High28.96
20 Day Low27.71
52 Week High29.16
52 Week Low21.94
CS1 End28.2
CR1 Start28.35
Volume & EV
DER(3)-6.9%
DER(5)-3.53%
Volume334.30K
Volume Incr-31.8%
Vol(5)425.24K
Vol(50)656.01K