JAMES HARDIE IND PLC (JHX) Stock Technical Analysis
NYSE:JHX • US47030M1062
We assign a technical rating of 6 out of 10 to JHX. Although JHX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 63% 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 66% are performing better than JHX.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- JHX has an average volume of 6078530 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.
- In the last month JHX has a been trading in the 22.73 - 27.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JHX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.56, a Stop Loss order could be placed below this zone.
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22.72
When analyzing the support we notice one important area.
- A support zone ranging from 22.95 to 23.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.68 to 26.00. 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 JHX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JHX is neutral. |
| ChartMill Relative Strength | 37.21 | NEUTRAL | JHX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JHX is below 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) | DOWN | MIXED | The current price of JHX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.43 | NEUTRAL | The RSI value for JHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests JHX has a negative trend. |
| Stochastics (14,3) | 39.15 | NEUTRAL | The Stochastics value for JHX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for JHX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.87 | POSITIVE | The high ADX value value for JHX 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 |
|---|---|---|---|
| 24.97 | 24.04 | 0.93 (3.74%) | 25.00% |
| An entry @24.97. This is a Buy Stop order right above the 10 day moving average. | An exit @24.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.93 points, which is 3.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of JHX. 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.
24.35
-0.46 (-1.85%)
JAMES HARDIE IND PLC / JHX FAQ
Can you provide the ChartMill technical rating for JAMES HARDIE IND PLC?
ChartMill assigns a technical rating of 6 / 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 51.4291. This indicates that the stock is currently neutral.
What is the MACD signal for JHX stock?
The MACD indicator for JAMES HARDIE IND PLC (JHX) has a value of -0.145847, 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 23.56 and a resistance level at 25.68. Check the full technical report for our detailed analysis of JHX support and resistance levels.