Taking everything into account, JBSS scores 7 out of 10 in our technical rating. Although JBSS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although JBSS has an excellent technical rating, the quality of the presented setup is not ideal 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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58.33
5 important support areas can be observed.
- A support zone ranging from 66.67 to 68.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.32 to 65.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.22 from a horizontal line in the daily time frame.
- A support zone ranging from 60.33 to 60.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.32 to 71.03. 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 JBSS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JBSS is up. |
| ChartMill Relative Strength | 34.05 | NEUTRAL | JBSS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JBSS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JBSS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JBSS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.31 | NEUTRAL | The RSI value for JBSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests JBSS has a positive trend. |
| Stochastics (14,3) | 87.33 | OVERBOUGHT | The high Stochastics value suggests JBSS may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for JBSS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.72 | POSITIVE | The high ADX value value for JBSS suggests a strong 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 |
|---|---|---|---|
| 71.04 | 66.61 | 4.43 (6.24%) | 16.04% |
| An entry @71.04. This is a Buy Stop order right above the resistance zone. | An exit @66.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.43 points, which is 6.24%. | When investing 16.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
70.31
+1.41 (+2.05%)
JOHN B. SANFILIPPO & SON INC / JBSS FAQ
What is the ChartMill technical rating of JOHN B. SANFILIPPO & SON INC (JBSS) stock?
ChartMill assigns a technical rating of 7 / 10 to JBSS.
What is the current trend direction of JOHN B. SANFILIPPO & SON INC (JBSS) stock?
The current trend direction for JOHN B. SANFILIPPO & SON INC (JBSS) is Bullish.
What is the RSI signal for JBSS stock?
JOHN B. SANFILIPPO & SON INC (JBSS) has an RSI value of 65.3126. This indicates that the stock is currently neutral.
What is the buy/sell signal for JBSS stock?
The buy/sell signal for JOHN B. SANFILIPPO & SON INC (JBSS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for JOHN B. SANFILIPPO & SON INC (JBSS) stock?
JOHN B. SANFILIPPO & SON INC (JBSS) has a support level at 68.43 and a resistance level at 70.32. Check the full technical report for our detailed analysis of JBSS support and resistance levels.