JEN Technical Analysis - JENOPTIK AG

Technical Rating and Analysis

Taking everything into account, JEN scores 1 out of 10 in our technical rating. JEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, JEN is a bad performer in the overall market: 96% of all stocks are doing better.

JEN is part of the Electronic Equipment, Instruments & Components industry. There are 54 other stocks in this industry, of which 75% are performing better than JEN.

JEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month JEN has a been trading in the 16.04 - 18.08 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of JEN is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.11

26.89

We found 1 important support area.

Support @16.27 from a trend line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 17.68 to 17.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 18.09 to 18.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @26.62 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for JEN.DE is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for JEN.DE is neutral.
ChartMill Relative Strength	4.89	NEGATIVE	JEN.DE has a low relative strength, it was outperformed by 95.11% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JEN.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of JEN.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of JEN.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.23	NEUTRAL	The RSI value for JEN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.2	POSITIVE	The MACD value suggests JEN.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78	NEUTRAL	The Stochastics value for JEN.DE is a neutral value.
Average True Range in percent/ATR (20)	2.6	MEDIUM VOLATILITY	The ATR as a percentage value for JEN.DE suggests some volalility.
Average Directional Index/ADX (14)	23.2	NEUTRAL	The ADX value for JEN.DE suggests a possible start of a new trend.