JANUS HENDERSON B-BBB CLO ET (JBBB) Stock Technical Analysis
NYSEARCA:JBBB - NYSE Arca - US47103U7533 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to JBBB. In the past year, JBBB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
JBBB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 48.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
45.87
2 important support areas can be observed.
- A support zone ranging from 48.11 to 48.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.33 to 46.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.51 to 48.51. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 49.29 to 49.67. 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 | NEUTRAL | NEUTRAL | The long term trend for JBBB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JBBB is up. |
| ChartMill Relative Strength | 40.58 | NEUTRAL | JBBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JBBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JBBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JBBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.37 | NEUTRAL | The RSI value for JBBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests JBBB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.27 | OVERBOUGHT | The high Stochastics value suggests JBBB may be overbought. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for JBBB suggests low volalility. |
| Average Directional Index/ADX (14) | 9.96 | NEGATIVE | The low ADX value for JBBB suggests a weak or negative trend. |
48.46
+0.02 (+0.04%)