ABRDN JAPAN EQUITY FUND INC (JEQ) Stock Technical Analysis
NYSE:JEQ - New York Stock Exchange, Inc. - US00306J1097 - Currency: USD
Overall JEQ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JEQ is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
JEQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so JEQ is leading the market.
In the last month JEQ has a been trading in the 6.73 - 7.21 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that JEQ is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Although JEQ has an excellent technical rating, the quality of the presented setup is not ideal 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
7.23
We found 3 important support areas.
- A support zone ranging from 6.94 to 7.03. 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 5.78. 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 7.16 to 7.16. 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 | 89.18 | POSITIVE | JEQ has a high relative strength, it outperformed 89.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JEQ is above 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) | 66.15 | NEUTRAL | The RSI value for JEQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests JEQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.55 | NEUTRAL | The Stochastics value for JEQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for JEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 36.01 | 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)
7.15
+0.05 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.7%
1 Week2.44%
2 Weeks3.32%
1 Month6.4%
3 Month24.35%
6 Month22.64%
12 Month20.27%
2 Year28.37%
3 Year16.83%
5 Year-3.38%
10 Year-11.62%
15 Year36.71%
Volatility
ATR(14)0.09
ATR(20)%1.15%
ATR Inc-6.71%
Range Today0.04
ADR(20)0.07
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.18
Mansfield1.37
10 Day High7.21
10 Day Low6.91
20 Day High7.21
20 Day Low6.73
52 Week High7.21
52 Week Low5.27
CS1 End7.03
CR1 Start7.16
Volume & EV
DER(3)-0.85%
DER(5)0.37%
Volume38.40K
Volume Incr-41.66%
Vol(5)55.68K
Vol(50)114.39K