US GLOBAL JETS ETF (JETS) Stock Technical Analysis
NYSEARCA:JETS - NYSE Arca - US26922A8421 - ETF - Currency: USD
Overall JETS gets a technical rating of 6 out of 10. In the past year, JETS was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, JETS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JETS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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18.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.59 to 22.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @23.26 from a horizontal line in the daily time frame.
- Resistance @26.42 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for JETS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JETS is up. |
| ChartMill Relative Strength | 71.43 | POSITIVE | JETS has a high relative strength, it outperformed 71.43% 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) | 64.46 | NEUTRAL | The RSI value for JETS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests JETS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.9 | OVERBOUGHT | The high Stochastics value suggests JETS may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for JETS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.71 | POSITIVE | The high ADX value value for JETS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.27 | 22.58 | 0.69 (2.97%) | 25.00% |
| An entry @23.27. This is a Buy Stop order right above the resistance zone. | An exit @22.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.69 points, which is 2.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of JETS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.25
+0.66 (+2.92%)