CARGOJET INC (CJT.CA) Stock Technical Analysis
TSX:CJT - Toronto Stock Exchange - CA14179V5036 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to CJT. In the past year, CJT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CJT has only a medium technical rating, but it does show a decent setup pattern. 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 96.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.06, a Stop Loss order could be placed below this zone.
More info and screens
82.61
We found 2 important support areas.
- A support zone ranging from 91.23 to 94.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 96.54 to 96.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @101.85 from a trend line in the weekly time frame.
- Resistance @108.85 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CJT.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CJT.CA is up. |
| ChartMill Relative Strength | 21.39 | NEGATIVE | CJT.CA has a low relative strength, it was outperformed by 78.61% off all stocks 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) | 62.34 | NEUTRAL | The RSI value for CJT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CJT.CA has a positive trend. |
| Stochastics (14,3) | 87.58 | OVERBOUGHT | The high Stochastics value suggests CJT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CJT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for CJT.CA suggests a strong trend. |
TSX:CJT (6/9/2025, 7:00:00 PM)
96.53
+0.31 (+0.32%)