iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) Technical Analysis
NYSEARCA:JJT • US06746P4312
Current stock price
JJT Technical Rating and Analysis
Overall JJT gets a technical rating of 3 out of 10. In the past year, JJT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 69% of all other stocks performed better in the past year than JJT.
- Warning: JJT has an average volume of 980 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month JJT has a been trading in the 76.93 - 83.26 range, which is quite wide. It is currently trading near the high of this range.
- JJT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JJT is lagging the market.
- Considerably lower volume is observed in the last couple of days.
JJT Weekly and Daily overview Charts
JJT Setup Rating and Analysis
The technical rating of JJT 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
JJT Support and Resistance Analysis
70.51
6 important support areas can be observed.
- A support zone ranging from 80.29 to 81.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @78.47 from a trend line in the daily time frame.
- Support @77.02 from a horizontal line in the daily time frame.
- Support @74.93 from a horizontal line in the daily time frame.
- Support @72.62 from a trend line in the daily time frame.
- Support @71.22 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @83.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 87.02 to 87.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
JJT 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 | NEUTRAL | NEUTRAL | The long term trend for JJT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JJT is up. |
| ChartMill Relative Strength | 31.41 | NEUTRAL | JJT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JJT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JJT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JJT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.88 | NEUTRAL | The RSI value for JJT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests JJT has a positive trend. |
| Stochastics (14,3) | 86.97 | OVERBOUGHT | The high Stochastics value suggests JJT may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for JJT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.42 | NEGATIVE | The low ADX value for JJT suggests a weak or negative trend. |
JJT Chart- and CandleStick Pattern Analysis
JJT Technicals: Chart, Performance Metrics, Trend & Indicators
iPath Series B Bloomberg Tin Subindex Total Return ETN
NYSEARCA:JJT (6/7/2023, 8:04:00 PM)
82.535
-0.13 (-0.16%)
iPath Series B Bloomberg Tin Subindex Total Return ETN / JJT TA FAQ
Can you provide the ChartMill technical rating for iPath Series B Bloomberg Tin Subindex Total Return ETN?
ChartMill assigns a technical rating of 3 / 10 to JJT.
What is the trend direction for JJT stock?
The current trend direction for iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) is Bearish.
What is the RSI signal for JJT stock?
iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) has an RSI value of 54.8795. This indicates that the stock is currently neutral.
What is the MACD signal for iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) stock?
The MACD indicator for iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) has a value of 0.340263, indicating a bearish trend.
What are the support and resistance levels for iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) stock?
iPath Series B Bloomberg Tin Subindex Total Return ETN (JJT) has a support level at 81.33 and a resistance level at 83.53. Check the full technical report for our detailed analysis of JJT support and resistance levels.