JUMIA TECHNOLOGIES AG-ADR (JMIA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JMIA - US48138M1053 - ADR
Taking everything into account, JMIA scores 4 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, JMIA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.62. Right above this resistance zone may be a good entry point.
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9.40
When analyzing the support we notice one important area.
- Support @9.49 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 10.62 to 10.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.40 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for JMIA is down. |
| ChartMill Relative Strength | 97.14 | POSITIVE | JMIA has a high relative strength, it outperformed 97.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JMIA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JMIA is below a declining 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) | 43.05 | NEUTRAL | The RSI value for JMIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests JMIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.82 | NEUTRAL | The Stochastics value for JMIA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for JMIA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for JMIA suggests a strong trend. |
9.85
+0.35 (+3.68%)
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 4 / 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 43.0505. 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 negative.
Can you provide the support and resistance levels for JUMIA TECHNOLOGIES AG-ADR?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has a support level at 9.49 and a resistance level at 10.62. Check the full technical report for our detailed analysis of JMIA support and resistance levels.