JAMES HARDIE IND PLC (JHX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JHX - US47030M1062 - Common Stock
Overall JHX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, JHX is a bad performer.
- 80% of all other stocks performed better in the past year than JHX.
- JHX is part of the Construction Materials industry. There are 13 other stocks in this industry, of which 83% are performing better than JHX.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month JHX has a been trading in the 20.30 - 24.30 range, which is quite wide. It is currently trading near the high of this range.
- JHX has an average volume of 5967550 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.
Although JHX has an excellent technical rating, it does not present a decent entry opportunity 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
20.44
When analyzing the support we can see 3 important areas.
- Support @23.84 from a trend line in the daily time frame.
- A support zone ranging from 21.60 to 21.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.65 to 20.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.90 to 24.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.89 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 JHX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JHX is up. |
| ChartMill Relative Strength | 20.52 | NEGATIVE | JHX has a low relative strength, it was outperformed by 79.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JHX is above the rising 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) | UP | POSITIVE | The current price of JHX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.56 | OVERBOUGHT | The high RSI value suggests JHX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests JHX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.66 | OVERBOUGHT | The high Stochastics value suggests JHX may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for JHX suggests some volalility. |
| Average Directional Index/ADX (14) | 46.32 | POSITIVE | The high ADX value value for JHX suggests a strong trend. |
23.89
+0.67 (+2.89%)
JAMES HARDIE IND PLC / JHX FAQ
Can you provide the ChartMill technical rating for JAMES HARDIE IND PLC?
ChartMill assigns a technical rating of 7 / 10 to JHX.
What is the current trend direction of JAMES HARDIE IND PLC (JHX) stock?
The current trend direction for JAMES HARDIE IND PLC (JHX) is Bullish.
Can you provide the RSI signal for JAMES HARDIE IND PLC?
JAMES HARDIE IND PLC (JHX) has an RSI value of 70.5618. This indicates that the stock is currently overbought.
What is the MACD signal for JHX stock?
The MACD indicator for JAMES HARDIE IND PLC (JHX) has a value of 0.167514, indicating a bearish trend.
Can you provide the support and resistance levels for JAMES HARDIE IND PLC?
JAMES HARDIE IND PLC (JHX) has a support level at 23.84 and a resistance level at 23.9. Check the full technical report for our detailed analysis of JHX support and resistance levels.