ABRDN JAPAN EQUITY FUND INC (JEQ) Stock Technical Analysis
NYSE:JEQ - New York Stock Exchange, Inc. - US00306J1097 - Currency: USD
We assign a technical rating of 8 out of 10 to JEQ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, JEQ is only an average performer.
The long and short term trends are both positive. This is looking good!
JEQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JEQ is lagging the market slightly.
Looking at the yearly performance, JEQ did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month JEQ has a been trading in the 6.94 - 7.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JEQ has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
5.55
7.63
We found 3 important support areas.
- A support zone ranging from 7.05 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.74 to 5.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.61 to 5.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.54 to 7.55. 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 JEQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JEQ is up. |
| ChartMill Relative Strength | 75.32 | POSITIVE | JEQ has a high relative strength, it outperformed 75.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JEQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JEQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JEQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.94 | NEUTRAL | The RSI value for JEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests JEQ has a negative trend. |
| Stochastics (14,3) | 54.52 | NEUTRAL | The Stochastics value for JEQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for JEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 41.12 | POSITIVE | The high ADX value value for JEQ suggests a strong 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)
7.26
-0.06 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.82%
1 Week-3.2%
2 Weeks-1.63%
1 Month0.5%
3 Month19.02%
6 Month29.18%
12 Month17.29%
2 Year19.8%
3 Year21%
5 Year-2.94%
10 Year-8.91%
15 Year38.02%
Volatility
ATR(14)0.11
ATR(20)%1.9%
ATR Inc-44.43%
Range Today0.05
ADR(20)0.12
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.32
Mansfield0.78
10 Day High7.62
10 Day Low7.24
20 Day High7.87
20 Day Low6.94
52 Week High7.87
52 Week Low5.27
CS1 End7.14
CR1 Start7.54
Volume & EV
DER(3)-0.8%
DER(5)0.88%
Volume26.70K
Volume Incr14.12%
Vol(5)33.06K
Vol(50)49.40K