JEWETT-CAMERON TRADING LTD (JCTCF) Stock Technical Analysis
NASDAQ:JCTCF • CA47733C2076
We assign a technical rating of 6 out of 10 to JCTCF. In the last year, JCTCF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, JCTCF is a bad performer in the overall market: 67% of all stocks are doing better.
- JCTCF is one of the lesser performing stocks in the Building Products industry. 65% of 42 stocks in the same industry do better.
- Warning: JCTCF has an average volume of 5610 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month JCTCF has a been trading in the 4.35 - 5.00 range, which is quite wide. It is currently trading near the high of this range.
- JCTCF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JCTCF is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, JCTCF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 4.92. Right above this resistance zone may be a good entry point.
More info and screens
4.01
3 important support areas can be observed.
- Support @4.62 from a trend line in the daily time frame.
- Support @4.35 from a horizontal line in the daily time frame.
- Support @4.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.92 to 5.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.34 from a trend line in the daily time frame.
- Resistance @5.74 from a horizontal line in the daily time frame.
- Resistance @5.85 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 | UP | POSITIVE | The long term trend for JCTCF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JCTCF is up. |
| ChartMill Relative Strength | 33.97 | NEUTRAL | JCTCF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JCTCF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JCTCF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JCTCF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.63 | NEUTRAL | The RSI value for JCTCF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests JCTCF has a negative trend. |
| Stochastics (14,3) | 82.22 | OVERBOUGHT | The high Stochastics value suggests JCTCF may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for JCTCF suggests some volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for JCTCF suggests a weak or negative 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 |
|---|---|---|---|
| 5.01 | 4.85 | 0.16 (3.19%) | 25.00% |
| An entry @5.01. This is a Buy Stop order right above the resistance zone. | An exit @4.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.16 points, which is 3.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
NASDAQ:JCTCF (10/8/2024, 8:05:05 PM)
4.89
-0.1 (-2%)
JEWETT-CAMERON TRADING LTD / JCTCF FAQ
Can you provide the ChartMill technical rating for JEWETT-CAMERON TRADING LTD?
ChartMill assigns a technical rating of 6 / 10 to JCTCF.
Can you provide the trend direction for JEWETT-CAMERON TRADING LTD?
The current trend direction for JEWETT-CAMERON TRADING LTD (JCTCF) is Bullish.
What is the RSI signal for JEWETT-CAMERON TRADING LTD (JCTCF) stock?
JEWETT-CAMERON TRADING LTD (JCTCF) has an RSI value of 57.6275. This indicates that the stock is currently neutral.
Can you provide the short term momentum for JEWETT-CAMERON TRADING LTD?
The short term momentum for JEWETT-CAMERON TRADING LTD (JCTCF) is positive.
What is the buy/sell signal for JCTCF stock?
The buy/sell signal for JEWETT-CAMERON TRADING LTD (JCTCF) is buy as both the short term and long term trends are positive.