JBT MAREL CORP (JBTM) Stock Technical Analysis
NYSE:JBTM - New York Stock Exchange, Inc. - US4778391049 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to JBTM. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, JBTM is a bad performer.
When comparing the yearly performance of all stocks, JBTM is a bad performer in the overall market: 100% of all stocks are doing better.
JBTM is one of the lesser performing stocks in the Machinery industry. 93% of 128 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month JBTM has a been trading in the 126.75 - 144.66 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.
JBTM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 134.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
129.40
141.17
2 important support areas can be observed.
- A support zone ranging from 132.85 to 134.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @130.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 139.03 to 139.77. 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 JBTM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JBTM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | JBTM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JBTM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JBTM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.65 | NEUTRAL | The RSI value for JBTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests JBTM has a negative trend. |
| Stochastics (14,3) | 58.42 | NEUTRAL | The Stochastics value for JBTM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for JBTM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.35 | NEUTRAL | The ADX value for JBTM suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 139.78 | 132.84 | 6.94 (4.96%) | 20.14% |
| An entry @139.78. This is a Buy Stop order right above the resistance zone. | An exit @132.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.94 points, which is 4.96%. | When investing 20.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of JBTM. Please evaluate whether better entry and exit points can be found.
- 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.
136.11
-3.65 (-2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.61%
1 Week-0.85%
2 Weeks0.52%
1 Month4.28%
3 Month21.09%
6 Month6.73%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.83
ATR(20)%3.4%
ATR Inc133.99%
Range Today7.8
ADR(20)4.27
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High144.66
10 Day Low131.36
20 Day High144.66
20 Day Low126.76
52 Week HighN/A
52 Week LowN/A
CS1 End134.98
CR1 Start139.03
Volume & EV
DER(3)1.38%
DER(5)1.31%
Volume962.00K
Volume Incr77.02%
Vol(5)855.82K
Vol(50)511.76K