iPath Series B Bloomberg Agriculture Subindex TR ETN (JJA) Stock Technical Analysis
USA - NYSEARCA:JJA - US06746P5897 - ETF
We assign a technical rating of 0 out of 10 to JJA. JJA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, JJA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.52, a Stop Loss order could be placed below this zone.
More info and screens
23.64
We found 1 important support area.
- A support zone ranging from 23.88 to 24.52. 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 24.71 to 26.42. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for JJA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JJA is neutral. |
| ChartMill Relative Strength | 26.26 | NEGATIVE | JJA has a low relative strength, it was outperformed by 73.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JJA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JJA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JJA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.68 | NEUTRAL | The RSI value for JJA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests JJA has a positive trend. |
| Stochastics (14,3) | 88.71 | OVERBOUGHT | The high Stochastics value suggests JJA may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for JJA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for JJA suggests a weak or negative trend. |
iPath Series B Bloomberg Agriculture Subindex TR ETN
NYSEARCA:JJA (6/8/2023, 8:04:00 PM)
24.6
-0.05 (-0.22%)