JAMES HARDIE IND PLC (JHX) Stock Technical Analysis
NYSE:JHX - New York Stock Exchange, Inc. - US47030M1062 - Common Stock - Currency: USD
Taking everything into account, JHX scores 4 out of 10 in our technical rating. In the past year, JHX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, JHX is a bad performer in the overall market: 68% of all stocks are doing better.
JHX is one of the lesser performing stocks in the Construction Materials industry. 75% of 13 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month JHX has a been trading in the 25.51 - 28.25 range, which is quite wide. It is currently trading near the high of this range.
JHX has an average volume of 6702070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
JHX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JHX is lagging the market.
JHX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
24.41
41.82
3 important support areas can be observed.
- A support zone ranging from 27.53 to 27.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.88 to 26.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.66 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.77 to 28.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.41 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 JHX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JHX is up. |
| ChartMill Relative Strength | 32.84 | NEUTRAL | JHX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JHX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JHX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JHX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.5 | NEUTRAL | The RSI value for JHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests JHX has a positive trend. |
| Stochastics (14,3) | 80.55 | OVERBOUGHT | The high Stochastics value suggests JHX may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for JHX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.69 | NEGATIVE | The low ADX value for JHX 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)
27.71
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg-0.04%
1 Week6.82%
2 Weeks1.39%
1 Month-1.98%
3 Month13.89%
6 Month-17.11%
12 Month-14.74%
2 Year-8.18%
3 Year23.65%
5 Year23.43%
10 Year122.39%
15 Year476.33%
Volatility
ATR(14)0.74
ATR(20)%2.77%
ATR Inc-0.28%
Range Today0.62
ADR(20)0.71
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.84
Mansfield-1.65
10 Day High28.25
10 Day Low25.51
20 Day High28.25
20 Day Low25.51
52 Week High43.57
52 Week Low19.72
CS1 End27.59
CR1 Start28.77
Volume & EV
DER(3)0.94%
DER(5)-0.06%
Volume4.23M
Volume Incr-32.43%
Vol(5)4.20M
Vol(50)6.70M