Overall JJN gets a technical rating of 0 out of 10. JJN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than JJN.
- JJN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- JJN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: JJN has an average volume of 7136 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, JJN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.31, a Stop Loss order could be placed below this zone.
More info and screens
26.77
2 important support areas can be observed.
- A support zone ranging from 27.88 to 28.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.04 to 27.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 28.41 to 28.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.97 to 31.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.98 from a trend line in the daily time frame.
- Resistance @35.37 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 | DOWN | NEGATIVE | The long term trend for JJN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JJN is down. |
| ChartMill Relative Strength | 19.29 | NEGATIVE | JJN has a low relative strength, it was outperformed by 80.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JJN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JJN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JJN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.07 | NEUTRAL | The RSI value for JJN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests JJN has a positive trend. |
| Stochastics (14,3) | 50.69 | NEUTRAL | The Stochastics value for JJN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for JJN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for JJN suggests a weak or negative trend. |
iPath Series B Bloomberg Nickel Subindex TR ETN
NYSEARCA:JJN (6/7/2023, 8:04:00 PM)
28.4
+0.46 (+1.65%)
iPath Series B Bloomberg Nickel Subindex TR ETN / JJN FAQ
What is the ChartMill technical rating of iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) stock?
ChartMill assigns a technical rating of 0 / 10 to JJN.
What is the trend direction for JJN stock?
The current trend direction for iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) is Bearish.
What is the RSI signal for iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) stock?
iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) has an RSI value of 45.0665. This indicates that the stock is currently neutral.
Can you provide the short term momentum for iPath Series B Bloomberg Nickel Subindex TR ETN?
The short term momentum for iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) is negative.
What is the buy/sell signal for iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) stock?
The buy/sell signal for iPath Series B Bloomberg Nickel Subindex TR ETN (JJN) is sell as both the short term and long term trends are negative.