ALERIAN MLP ETN2044 (AMJB) Stock Technical Analysis
NYSEARCA:AMJB - NYSE Arca - US48133Q3092 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to AMJB. In the last year, AMJB was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, AMJB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMJB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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27.11
5 important support areas can be observed.
- A support zone ranging from 30.29 to 30.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.59 from a horizontal line in the daily time frame.
- Support @28.88 from a horizontal line in the daily time frame.
- Support @28.35 from a horizontal line in the weekly time frame.
- A support zone ranging from 27.38 to 27.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.63 to 30.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.62 to 33.28. This zone is formed by a combination of multiple trend lines 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 AMJB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMJB is neutral. |
| ChartMill Relative Strength | 41.07 | NEUTRAL | AMJB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMJB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMJB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMJB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.58 | NEUTRAL | The RSI value for AMJB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMJB has a positive trend. |
| Stochastics (14,3) | 71.4 | NEUTRAL | The Stochastics value for AMJB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for AMJB suggests low volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for AMJB suggests a weak or negative trend. |
NYSEARCA:AMJB (7/14/2025, 8:22:44 PM)
30.58
+0.1 (+0.33%)