US GLOBAL JETS ETF (JETS) Stock Technical Analysis
USA - NYSEARCA:JETS - US26922A8421 - ETF
24.97 USD
+0.21 (+0.85%)
25.02 USD
+0.05 (+0.2%)
Taking everything into account, JETS scores 4 out of 10 in our technical rating. JETS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month JETS has a been trading in the 24.38 - 26.42 range, which is quite wide. It is currently trading near the lows of this range.
JETS 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 JETS is lagging the market slightly.
JETS has an average volume of 3128350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, JETS did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
JETS has an average technical rating and the quality of the presented setup is also 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
18.36
27.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.53 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.55 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.04 to 25.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 26.22 to 26.81. 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 JETS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JETS is down. |
| ChartMill Relative Strength | 71.04 | POSITIVE | JETS has a high relative strength, it outperformed 71.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JETS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of JETS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JETS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.52 | NEUTRAL | The RSI value for JETS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests JETS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.74 | OVERSOLD | The low Stochastics value suggests JETS may be oversold. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for JETS suggests low volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for JETS suggests a weak or negative 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)
24.97
+0.21 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.85%
1 Week0.2%
2 Weeks-3.22%
1 Month-4.44%
3 Month3.52%
6 Month38.26%
12 Month20.57%
2 Year67.36%
3 Year40.76%
5 Year47.58%
10 Year-2.69%
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%1.86%
ATR Inc-11.96%
Range Today0.32
ADR(20)0.45
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.04
Mansfield-0.57
10 Day High26.12
10 Day Low24.38
20 Day High26.42
20 Day Low24.38
52 Week High27.1
52 Week Low17.11
CS1 End24.94
CR1 Start25.04
Volume & EV
DER(3)3.61%
DER(5)2.35%
Volume2.37M
Volume Incr-18.88%
Vol(5)2.45M
Vol(50)3.13M