JA SOLAR HOLDINGS CO LTD (JASO) Technical Analysis
NASDAQ:JASO • US4660902069
Current stock price
JASO Technical Rating and Analysis
Taking everything into account, JASO scores 8 out of 10 in our technical rating. In the last year, JASO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, JASO did better than 74% of all other stocks.
- In the last month JASO has a been trading in the 6.65 - 7.50 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- JASO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JASO is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
JASO Weekly and Daily overview Charts
JASO Setup Rating and Analysis
Although JASO has an excellent technical rating, it does not present a decent entry opportunity 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
JASO Support and Resistance Analysis
6.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.74 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.55 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @7.94 from a horizontal line in the weekly time frame.
JASO 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 JASO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JASO is up. |
| ChartMill Relative Strength | 74.14 | POSITIVE | JASO has a high relative strength, it outperformed 74.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JASO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JASO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JASO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.9 | OVERBOUGHT | The high RSI value suggests JASO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests JASO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.79 | OVERBOUGHT | The high Stochastics value suggests JASO may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for JASO suggests low volalility. |
JASO Chart- and CandleStick Pattern Analysis
JASO Technicals: Chart, Performance Metrics, Trend & Indicators
7.49
+0.02 (+0.27%)
JA SOLAR HOLDINGS CO LTD / JASO TA FAQ
What is the ChartMill technical rating of JA SOLAR HOLDINGS CO LTD (JASO) stock?
ChartMill assigns a technical rating of 8 / 10 to JASO.
What is the current trend direction of JA SOLAR HOLDINGS CO LTD (JASO) stock?
The current trend direction for JA SOLAR HOLDINGS CO LTD (JASO) is Bearish.
What is the RSI signal for JA SOLAR HOLDINGS CO LTD (JASO) stock?
JA SOLAR HOLDINGS CO LTD (JASO) has an RSI value of 75.8988. This indicates that the stock is currently overbought.
What are the support and resistance levels for JA SOLAR HOLDINGS CO LTD (JASO) stock?
JA SOLAR HOLDINGS CO LTD (JASO) has a support level at 7.14 and a resistance level at 7.94. Check the full technical report for our detailed analysis of JASO support and resistance levels.