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 10 out of 10 to JEQ. Both in the recent history as in the last year, JEQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, JEQ did better than 84% of all other stocks. We also observe that the gains produced by JEQ over the past year are nicely spread over this period.
A new 52 week high is currently being made by JEQ, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month JEQ has a been trading in the 7.16 - 8.02 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although JEQ has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.58
8.09
5 important support areas can be observed.
- A support zone ranging from 7.51 to 7.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.24 to 7.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.05 from a horizontal line in the daily time frame.
- Support @5.86 from a trend line in the weekly time frame.
- A support zone ranging from 5.64 to 5.68. 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 | 84.87 | POSITIVE | JEQ has a high relative strength, it outperformed 84.87% 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) | 74.87 | OVERBOUGHT | The high RSI value suggests JEQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests JEQ has a positive trend. |
| Stochastics (14,3) | 97.05 | OVERBOUGHT | The high Stochastics value suggests JEQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for JEQ suggests low volalility. |
| Average Directional Index/ADX (14) | 37.31 | 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)
8.01
+0.15 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.91%
1 Week6.8%
2 Weeks5.39%
1 Month10.33%
3 Month15.67%
6 Month35.3%
12 Month39.79%
2 Year39.06%
3 Year40.77%
5 Year0.87%
10 Year7.09%
15 Year54.34%
Volatility
ATR(14)0.13
ATR(20)%1.34%
ATR Inc14.79%
Range Today0.1
ADR(20)0.08
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.87
Mansfield1.54
10 Day High8.02
10 Day Low7.4
20 Day High8.02
20 Day Low7.16
52 Week High8.02
52 Week Low5.58
CS1 End7.64
CR1 StartN/A
Volume & EV
DER(3)3.04%
DER(5)1.92%
Volume69.00K
Volume Incr72.15%
Vol(5)103.96K
Vol(50)49.47K