CARGOJET INC (CJT.CA) Stock Technical Analysis
TSX:CJT - Toronto Stock Exchange - CA14179V5036 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to CJT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CJT is only an average performer.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, CJT outperforms 40% of them, which is more or less in line with the market.
CJT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CJT is lagging the market.
In the last month CJT has a been trading in the 91.80 - 113.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CJT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 101.57, a Stop Loss order could be placed below this zone.
More info and screens
95.26
110.09
We found 2 important support areas.
- A support zone ranging from 100.64 to 101.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.22 to 96.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 107.03 to 109.00. 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 CJT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CJT.CA is up. |
| ChartMill Relative Strength | 40.2 | NEUTRAL | CJT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CJT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CJT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CJT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.21 | NEUTRAL | The RSI value for CJT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests CJT.CA has a negative trend. |
| Stochastics (14,3) | 47.39 | NEUTRAL | The Stochastics value for CJT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CJT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for CJT.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 103.68 | 100.68 | 2.99 (2.88%) | 25.00% |
| An entry @103.68. This is a Buy Stop order right above the 10 day moving average. | An exit @100.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.99 points, which is 2.88%. | For a 0.72% 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 CJT. 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.
TSX:CJT (7/18/2025, 7:00:00 PM)
101.58
-1.36 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-1.32%
1 Week-0.95%
2 Weeks-6.18%
1 Month8.35%
3 Month34.67%
6 Month-17.11%
12 Month-23.17%
2 Year4.8%
3 Year-31.55%
5 Year-38.78%
10 Year283.9%
15 YearN/A
Volatility
ATR(14)3.98
ATR(20)%3.44%
ATR Inc-41.77%
Range Today2.76
ADR(20)3.29
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.2
Mansfield-1.48
10 Day High111.01
10 Day Low100.7
20 Day High113.89
20 Day Low91.8
52 Week High144.97
52 Week Low69.6
CS1 End101.57
CR1 Start107.03
Volume & EV
DER(3)-2.69%
DER(5)-1.27%
Volume56.59K
Volume Incr-28.82%
Vol(5)58.40K
Vol(50)77.17K