JUMIA TECHNOLOGIES AG-ADR (JMIA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JMIA - US48138M1053 - ADR
Overall JMIA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JMIA is showing a nice and steady performance.
JMIA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.92. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for JMIA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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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10.68
When analyzing the support we can see 5 important areas.
- Support @12.88 from a horizontal line in the daily time frame.
- A support zone ranging from 11.99 to 12.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.56 from a horizontal line in the daily time frame.
- A support zone ranging from 11.03 to 11.11. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @10.79 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.92 to 12.98. 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 JMIA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JMIA is up. |
| ChartMill Relative Strength | 97.74 | POSITIVE | JMIA has a high relative strength, it outperformed 97.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JMIA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JMIA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JMIA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.91 | NEUTRAL | The RSI value for JMIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests JMIA has a positive trend. |
| Stochastics (14,3) | 61.29 | NEUTRAL | The Stochastics value for JMIA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for JMIA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for JMIA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.99 | 12.87 | 0.12 (0.92%) | 25.00% |
| An entry @12.99. This is a Buy Stop order right above the resistance zone. | An exit @12.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 0.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.23%. |
- The distance between exit and entry is rather small compared to the average daily movement of JMIA. Please evaluate whether better entry and exit points can be found.
- 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.
12.91
-0.06 (-0.46%)
JUMIA TECHNOLOGIES AG-ADR / JMIA FAQ
What is the ChartMill technical rating of JUMIA TECHNOLOGIES AG-ADR (JMIA) stock?
ChartMill assigns a technical rating of 9 / 10 to JMIA.
What is the current trend direction of JUMIA TECHNOLOGIES AG-ADR (JMIA) stock?
The current trend direction for JUMIA TECHNOLOGIES AG-ADR (JMIA) is Bullish.
Can you provide the RSI signal for JUMIA TECHNOLOGIES AG-ADR?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has an RSI value of 59.9123. This indicates that the stock is currently neutral.
What is the short term momentum for JUMIA TECHNOLOGIES AG-ADR (JMIA) stock?
The short term momentum for JUMIA TECHNOLOGIES AG-ADR (JMIA) is positive.
Can you provide the support and resistance levels for JUMIA TECHNOLOGIES AG-ADR?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has a support level at 12.88 and a resistance level at 12.92. Check the full technical report for our detailed analysis of JMIA support and resistance levels.