We assign a technical rating of 8 out of 10 to IJT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IJT is only an average performer.
- The long and short term trends are both positive. This is looking good!
- IJT 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.
- When comparing the performance of all stocks over the past year, IJT turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- In the last month IJT has a been trading in the 141.06 - 154.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although IJT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
129.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 143.64 to 147.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 136.53 to 140.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 132.99 to 134.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @130.73 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 150.20 to 152.53. 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 IJT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IJT is up. |
| ChartMill Relative Strength | 58.08 | NEUTRAL | IJT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IJT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IJT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IJT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.4 | NEUTRAL | The RSI value for IJT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IJT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.42 | NEUTRAL | The Stochastics value for IJT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for IJT suggests low volalility. |
| Average Directional Index/ADX (14) | 24.37 | NEUTRAL | The ADX value for IJT suggests a possible start of a new trend. |
149.47
-0.76 (-0.51%)
ISHARES S&P SMALL-CAP 600 GR / IJT FAQ
What is the ChartMill technical rating of ISHARES S&P SMALL-CAP 600 GR (IJT) stock?
ChartMill assigns a technical rating of 8 / 10 to IJT.
Can you provide the trend direction for ISHARES S&P SMALL-CAP 600 GR?
The current trend direction for ISHARES S&P SMALL-CAP 600 GR (IJT) is Bullish.
What is the RSI signal for ISHARES S&P SMALL-CAP 600 GR (IJT) stock?
ISHARES S&P SMALL-CAP 600 GR (IJT) has an RSI value of 56.3978. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES S&P SMALL-CAP 600 GR (IJT) stock?
The MACD indicator for ISHARES S&P SMALL-CAP 600 GR (IJT) has a value of 0.0525645, indicating a bearish trend.
What are the support and resistance levels for ISHARES S&P SMALL-CAP 600 GR (IJT) stock?
ISHARES S&P SMALL-CAP 600 GR (IJT) has a support level at 147.58 and a resistance level at 150.2. Check the full technical report for our detailed analysis of IJT support and resistance levels.