JANUS HENDERSON AAA CLO ETF (JAAA) Stock Technical Analysis
NYSEARCA:JAAA - NYSE Arca - US47103U8457 - ETF - Currency: USD
Overall JAAA gets a technical rating of 6 out of 10. In the last year, JAAA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
JAAA has only a medium technical rating, but it does show 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 50.64, a Stop Loss order could be placed below this zone.
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49.28
We found 1 important support area.
- A support zone ranging from 49.78 to 50.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.89 to 51.05. 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 JAAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JAAA is up. |
| ChartMill Relative Strength | 41.97 | NEUTRAL | JAAA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JAAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JAAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JAAA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.02 | NEUTRAL | The RSI value for JAAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests JAAA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.22 | OVERBOUGHT | The high Stochastics value suggests JAAA may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for JAAA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for JAAA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 50.73 | 50.12 | 0.61 (1.20%) | 25.00% |
| An entry @50.73. This is a Buy Stop order right above the 10 day high. | An exit @50.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.61 points, which is 1.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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.
50.65
+0.02 (+0.04%)