iPath Series B Bloomberg Copper Subindex TR ETN (JJC) Stock Technical Analysis
NYSEARCA:JJC - NYSE Arca - US06746P5558 - ETF - Currency: USD
Overall JJC gets a technical rating of 0 out of 10. JJC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, JJC is a bad performer in the overall market: 74% of all stocks are doing better.
In the last month JJC has a been trading in the 18.17 - 19.56 range, which is quite wide. It is currently trading near the high of this range.
JJC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JJC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
The technical rating of JJC is bad and it also does not present a quality setup 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
17.87
21.95
3 important support areas can be observed.
- A support zone ranging from 18.80 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.38 to 18.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @18.05 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.37 to 20.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.21 to 21.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.69 to 21.73. 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 | DOWN | NEGATIVE | The long term trend for JJC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JJC is neutral. |
| ChartMill Relative Strength | 26.99 | NEGATIVE | JJC has a low relative strength, it was outperformed by 73.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JJC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JJC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JJC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.59 | NEUTRAL | The RSI value for JJC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests JJC has a positive trend. |
| Stochastics (14,3) | 90.74 | OVERBOUGHT | The high Stochastics value suggests JJC may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for JJC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for JJC 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)
iPath Series B Bloomberg Copper Subindex TR ETN
NYSEARCA:JJC (6/8/2023, 8:04:00 PM)
19.56
+0.24 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.24%
1 Week2.89%
2 Weeks6.42%
1 Month-0.48%
3 Month-3.86%
6 Month0.56%
12 Month-8.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%1.85%
ATR Inc-0.14%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.99
Mansfield-0.5
10 Day High19.56
10 Day Low18.35
20 Day High19.56
20 Day Low18.17
52 Week High21.99
52 Week Low15.86
CS1 End19.05
CR1 Start20.37
Volume & EV
DER(3)0.14%
DER(5)3.5%
Volume400
Volume Incr-20.29%
Vol(5)22.92K
Vol(50)35.36K