JUMIA TECHNOLOGIES AG-ADR (JMIA) Stock Technical Analysis
USA - NYSE:JMIA - US48138M1053 - ADR
Overall JMIA gets a technical rating of 8 out of 10. 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 JMIA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
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6.88
We found 3 important support areas.
- Support @10.74 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.24 to 10.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.95 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.32 to 11.65. 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 | 97.14 | 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) | 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) | 48.23 | NEUTRAL | The RSI value for JMIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests JMIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.57 | NEUTRAL | The Stochastics value for JMIA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.31 | HIGH VOLATILITY | The high ATR as a percentage value for JMIA suggests high volalility. |
| Average Directional Index/ADX (14) | 26.28 | POSITIVE | The high ADX value value for JMIA suggests a strong trend. |
10.88
+0.19 (+1.78%)
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 8 / 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 48.2272. 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 neutral.
Can you provide the support and resistance levels for JUMIA TECHNOLOGIES AG-ADR?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has a support level at 10.74 and a resistance level at 11.32. Check the full technical report for our detailed analysis of JMIA support and resistance levels.