JLHL Technical Analysis - JULONG HOLDING LTD

Technical Rating and Analysis

Overall JLHL gets a technical rating of 5 out of 10. In the last year, JLHL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

100% of all other stocks performed better in the past year than JLHL.

JLHL is part of the Construction & Engineering industry. There are 52 other stocks in this industry, of which 74% are performing better than JLHL.

The long and short term trends are both positive. This is looking good!

In the last month JLHL has a been trading in the 3.22 - 4.60 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

JULONG HOLDING LTD / JLHL Weekly stock chart

JULONG HOLDING LTD / JLHL Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, JLHL does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for JLHL in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.61

4.48

When analyzing the support we notice one important area.

A support zone ranging from 3.65 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 4.14 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @4.28 from a trend line in the daily time frame.
Resistance @4.44 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for JLHL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for JLHL is up.
ChartMill Relative Strength	0	NEGATIVE	JLHL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of JLHL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of JLHL is above the rising SMA(50).
Relative Strength Index/RSI (14)	51.07	NEUTRAL	The RSI value for JLHL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests JLHL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	54.68	NEUTRAL	The Stochastics value for JLHL is a neutral value.
Average True Range in percent/ATR (20)	7.94	HIGH VOLATILITY	The high ATR as a percentage value for JLHL suggests high volalility.
Average Directional Index/ADX (14)	11.74	NEGATIVE	The low ADX value for JLHL suggests a weak or negative trend.