John Laing Group Plc (JLG.L) Stock Technical Analysis
LON:JLG • GB00BVC3CB83
We assign a technical rating of 7 out of 10 to JLG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, JLG is only an average performer.
- The long and short term trends are both positive. This is looking good!
- JLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When comparing the performance of all stocks over the past year, JLG turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- In the last month JLG has a been trading in a tight range between 399.60 and 406.10.
JLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 403.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 402.27, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
325.46
We found 2 important support areas.
- A support zone ranging from 397.21 to 402.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @328.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 403.61 to 404.41. 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 | UP | POSITIVE | The long term trend for JLG.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JLG.L is up. |
| ChartMill Relative Strength | 51.86 | NEUTRAL | JLG.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JLG.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JLG.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JLG.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.22 | NEUTRAL | The RSI value for JLG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests JLG.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.6 | NEUTRAL | The Stochastics value for JLG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for JLG.L suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 404.42 | 400.39 | 4.03 (1.00%) | 25.00% |
| An entry @404.42. This is a Buy Stop order right above the resistance zone. | An exit @400.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.03 points, which is 1.00%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:JLG (9/21/2021, 5:35:15 PM)
402.6
0 (0%)
John Laing Group Plc / JLG.L FAQ
What is the ChartMill technical rating of John Laing Group Plc (JLG.L) stock?
ChartMill assigns a technical rating of 7 / 10 to JLG.L.
Can you provide the trend direction for John Laing Group Plc?
The current trend direction for John Laing Group Plc (JLG.L) is Bullish.
What is the RSI signal for John Laing Group Plc (JLG.L) stock?
John Laing Group Plc (JLG.L) has an RSI value of 68.2218. This indicates that the stock is currently neutral.
What is the buy/sell signal for John Laing Group Plc (JLG.L) stock?
The buy/sell signal for John Laing Group Plc (JLG.L) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for John Laing Group Plc (JLG.L) stock?
John Laing Group Plc (JLG.L) has a support level at 402.27 and a resistance level at 403.61. Check the full technical report for our detailed analysis of JLG.L support and resistance levels.