JUMIA TECHNOLOGIES AG-ADR (JMIA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JMIA - US48138M1053 - ADR
Taking everything into account, JMIA scores 9 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that JMIA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, JMIA also shows a nice and consistent pattern of rising prices.
- JMIA is part of the Broadline Retail industry. There are 30 other stocks in this industry. JMIA outperforms 100% of them.
- JMIA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JMIA is lagging the market slightly.
- In the last month JMIA has a been trading in the 11.48 - 14.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- JMIA has an average volume of 3221220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
JMIA has an excellent technical rating, but the quality of the setup is only medium 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
11.82
We found 3 important support areas.
- Support @12.76 from a trend line in the daily time frame.
- A support zone ranging from 12.44 to 12.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.94 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for JMIA is neutral. |
| ChartMill Relative Strength | 97.49 | POSITIVE | JMIA has a high relative strength, it outperformed 97.49% 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) | 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) | 50.88 | NEUTRAL | The RSI value for JMIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests JMIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.52 | NEUTRAL | The Stochastics value for JMIA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for JMIA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.38 | NEGATIVE | The low ADX value for JMIA suggests a weak or negative trend. |
12.89
+0.23 (+1.82%)
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 trend direction for JMIA stock?
The current trend direction for JUMIA TECHNOLOGIES AG-ADR (JMIA) is Bullish.
What is the RSI signal for JUMIA TECHNOLOGIES AG-ADR (JMIA) stock?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has an RSI value of 50.882. This indicates that the stock is currently neutral.
What is the MACD signal for JMIA stock?
The MACD indicator for JUMIA TECHNOLOGIES AG-ADR (JMIA) has a value of -0.166121, indicating a bearish trend.
Can you provide the short term momentum for JUMIA TECHNOLOGIES AG-ADR?
The short term momentum for JUMIA TECHNOLOGIES AG-ADR (JMIA) is neutral.