SPDR Bofa Merrill Lynch Crossov (CJNK) Technical Analysis
NYSEARCA:CJNK
Current stock price
CJNK Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to CJNK. In the last year, CJNK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Warning: CJNK has an average volume of 29440 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When compared to the yearly performance of all other stocks, CJNK outperforms 62% of them, which is more or less in line with the market.
- CJNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CJNK is lagging the market.
- In the last month CJNK has a been trading in a tight range between 25.90 and 26.24.
- Considerably lower volume is observed in the last couple of days.
CJNK Weekly and Daily overview Charts
CJNK Setup Rating and Analysis
Although the technical rating is only medium, CJNK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.19, a Stop Loss order could be placed below this zone.
More info and screens
CJNK Support and Resistance Analysis
24.22
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.90 to 26.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.46 to 24.58. 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 26.20 to 26.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
CJNK Technical Indicator Signal Analysis
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 CJNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CJNK is up. |
| ChartMill Relative Strength | 62.75 | NEUTRAL | CJNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CJNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CJNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CJNK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for CJNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CJNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.61 | OVERBOUGHT | The high Stochastics value suggests CJNK may be overbought. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for CJNK suggests low volalility. |
CJNK Chart- and CandleStick Pattern Analysis
CJNK Example Setup
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 |
|---|---|---|---|
| 26.23 | 26.04 | 0.19 (0.72%) | 25.00% |
| An entry @26.23. This is a Buy Stop order right above the resistance zone. | An exit @26.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 0.72%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CJNK Technicals: Chart, Performance Metrics, Trend & Indicators
SPDR Bofa Merrill Lynch Crossov
NYSEARCA:CJNK (9/20/2019, 8:22:08 PM)
26.1915
+0.01 (+0.04%)
SPDR Bofa Merrill Lynch Crossov / CJNK TA FAQ
Can you provide the ChartMill technical rating for SPDR Bofa Merrill Lynch Crossov?
ChartMill assigns a technical rating of 6 / 10 to CJNK.
What is the current trend direction of SPDR Bofa Merrill Lynch Crossov (CJNK) stock?
The current trend direction for SPDR Bofa Merrill Lynch Crossov (CJNK) is Bullish.
What is the RSI signal for SPDR Bofa Merrill Lynch Crossov (CJNK) stock?
SPDR Bofa Merrill Lynch Crossov (CJNK) has an RSI value of 59.2999. This indicates that the stock is currently neutral.
What is the MACD signal for CJNK stock?
The MACD indicator for SPDR Bofa Merrill Lynch Crossov (CJNK) has a value of 0.00923077, indicating a bearish trend.
What is the support and resistance level for CJNK stock?
SPDR Bofa Merrill Lynch Crossov (CJNK) has a support level at 26.19 and a resistance level at 26.2. Check the full technical report for our detailed analysis of CJNK support and resistance levels.