JANX Technical Analysis - JANUX THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, JANX scores 6 out of 10 in our technical rating. In the last year, JANX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

89% of all other stocks performed better in the past year than JANX.

JANX is part of the Biotechnology industry. There are 534 other stocks in this industry, of which 69% are performing better than JANX.

JANX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month JANX has a been trading in the 21.73 - 29.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

JANUX THERAPEUTICS INC / JANX Weekly stock chart

JANUX THERAPEUTICS INC / JANX Daily stock chart

Setup Rating and Analysis

JANX has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.37

65.43

When analyzing the support we notice one important area.

A support zone ranging from 23.61 to 24.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

Resistance @26.77 from a horizontal line in the weekly time frame.
Resistance @28.28 from a horizontal line in the daily time frame.
Resistance @64.78 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for JANX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for JANX is up.
ChartMill Relative Strength	11.13	NEGATIVE	JANX has a low relative strength, it was outperformed by 88.87% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JANX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JANX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of JANX is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.83	NEUTRAL	The RSI value for JANX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.39	POSITIVE	The MACD value suggests JANX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.99	NEUTRAL	The Stochastics value for JANX is a neutral value.
Average True Range in percent/ATR (20)	5.56	HIGH VOLATILITY	The high ATR as a percentage value for JANX suggests high volalility.
Average Directional Index/ADX (14)	21.29	NEUTRAL	The ADX value for JANX suggests a possible start of a new trend.