JJSF Technical Analysis - J & J SNACK FOODS CORP

Technical Rating and Analysis

Overall JJSF gets a technical rating of 0 out of 10. JJSF'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, JJSF is a bad performer in the overall market: 93% of all stocks are doing better.

JJSF is one of the lesser performing stocks in the Food Products industry. 81% of 87 stocks in the same industry do better.

JJSF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

JJSF 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

J & J SNACK FOODS CORP / JJSF Weekly stock chart

J & J SNACK FOODS CORP / JJSF Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, JJSF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 93.34, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

91.11

120.63

We found 1 important support area.

A support zone ranging from 92.03 to 93.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We can see 5 important resistance areas.

Resistance @98.32 from a horizontal line in the daily time frame.
Resistance @105.73 from a trend line in the daily time frame.
Resistance @112.42 from a trend line in the daily time frame.
Strong resistance @116.64 from a horizontal line in the daily time frame.
Resistance @119.44 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 JJSF is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for JJSF is down.
ChartMill Relative Strength	7.66	NEGATIVE	JJSF has a low relative strength, it was outperformed by 92.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of JJSF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of JJSF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of JJSF is below a declining SMA(200).
Relative Strength Index/RSI (14)	40.27	NEUTRAL	The RSI value for JJSF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests JJSF has a positive trend.
Stochastics (14,3)	27.88	NEUTRAL	The Stochastics value for JJSF is a neutral value.
Average True Range in percent/ATR (20)	2.56	MEDIUM VOLATILITY	The ATR as a percentage value for JJSF suggests some volalility.
Average Directional Index/ADX (14)	34.85	POSITIVE	The high ADX value value for JJSF suggests a strong trend.