JEWETT-CAMERON TRADING LTD (JCTCF) Stock Technical Analysis
NASDAQ:JCTCF - Nasdaq - CA47733C2076 - Common Stock - Currency: USD
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.
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.
The long and short term trends are both positive. This is looking good!
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 part of the Building Products industry. There are 41 other stocks in this industry, JCTCF did better than 62% of them.
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. We see reduced volatility while prices have been consolidating in the most recent period. 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
5.91
We found 3 important support areas.
- 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.
We can see 4 important resistance 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. |
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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-2%
1 Week-1.81%
2 Weeks0.82%
1 Month10.88%
3 Month4.26%
6 Month-14.06%
12 Month4.31%
2 Year-4.31%
3 Year-54.93%
5 Year-36.66%
10 Year2.95%
15 Year189.78%
Volatility
ATR(14)0.09
ATR(20)%2.6%
ATR Inc-38.94%
Range Today0
ADR(20)0.11
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.97
Mansfield-1.48
10 Day High4.99
10 Day Low4.86
20 Day High5
20 Day Low4.35
52 Week High6.35
52 Week Low3.86
CS1 End4.62
CR1 Start4.92
Volume & EV
DER(3)0%
DER(5)-0.77%
Volume600
Volume Incr-68.92%
Vol(5)2.16K
Vol(50)5.61K