JA SOLAR HOLDINGS CO LTD (JASO) Stock Technical Analysis
NASDAQ:JASO - Nasdaq - US4660902069
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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that JASO is one of the better performing stocks in the market, outperforming 74% of all 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 trading in the upper part of its 52 week range, so JASO is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
6.48
8.02
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.49
+0.02 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.27%
1 Week7.31%
2 Weeks9.99%
1 Month8.08%
3 Month8.39%
6 Month0.27%
12 Month15.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%1.67%
ATR Inc-77.78%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.14
Mansfield-0.14
10 Day High7.5
10 Day Low6.67
20 Day High7.5
20 Day Low6.65
52 Week High8.48
52 Week Low6.04
CS1 End7.14
CR1 Start7.94
Volume & EV
DER(3)3.82%
DER(5)6.51%
Volume1.01M
Volume Incr398.01%
Vol(5)1.32M
Vol(50)353.33K