Taking everything into account, JETS scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, JETS is only an average performer.
Although JETS has an excellent technical rating, it does not offer a high 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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18.55
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.10 to 26.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.21 to 24.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.12 from a horizontal line in the daily time frame.
- Support @18.74 from a trend 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 JETS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JETS is up. |
| ChartMill Relative Strength | 74.18 | POSITIVE | JETS has a high relative strength, it outperformed 74.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JETS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JETS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JETS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.42 | OVERBOUGHT | The high RSI value suggests JETS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests JETS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.35 | OVERBOUGHT | The high Stochastics value suggests JETS may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for JETS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for JETS suggests a strong trend. |
28.28
+0.03 (+0.11%)
US GLOBAL JETS ETF / JETS FAQ
Can you provide the ChartMill technical rating for US GLOBAL JETS ETF?
ChartMill assigns a technical rating of 8 / 10 to JETS.
Can you provide the trend direction for US GLOBAL JETS ETF?
The current trend direction for US GLOBAL JETS ETF (JETS) is Bullish.
What is the RSI signal for JETS stock?
US GLOBAL JETS ETF (JETS) has an RSI value of 72.4177. This indicates that the stock is currently overbought.
What is the short term momentum for JETS stock?
The short term momentum for US GLOBAL JETS ETF (JETS) is positive.
What is the support and resistance level for JETS stock?
US GLOBAL JETS ETF (JETS) has a support level at 26.2. Check the full technical report for our detailed analysis of JETS support and resistance levels.