JP Morgan Alerian MLP (AMJ) Stock Technical Analysis
NYSEARCA:AMJ • US46625H3654
Overall AMJ gets a technical rating of 8 out of 10. Both in the recent history as in the last year, AMJ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- 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 however is also trading near new highs, which makes the performance in line with 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.
AMJ has an excellent technical rating and 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
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.
When analyzing the resistance we notice one important 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. |
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 worst case loss on the trade is limited to 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%)
JP Morgan Alerian MLP / AMJ FAQ
What is the technical rating for AMJ stock?
ChartMill assigns a technical rating of 8 / 10 to AMJ.
What is the trend direction for AMJ stock?
The current trend direction for JP Morgan Alerian MLP (AMJ) is Bullish.
Can you provide the RSI signal for JP Morgan Alerian MLP?
JP Morgan Alerian MLP (AMJ) has an RSI value of 50.5418. This indicates that the stock is currently neutral.
What is the buy/sell signal for JP Morgan Alerian MLP (AMJ) stock?
The buy/sell signal for JP Morgan Alerian MLP (AMJ) is buy as both the short term and long term trends are positive.
What is the support and resistance level for AMJ stock?
JP Morgan Alerian MLP (AMJ) has a support level at 28.2 and a resistance level at 28.35. Check the full technical report for our detailed analysis of AMJ support and resistance levels.