JUMIA TECHNOLOGIES AG-ADR (JMIA) Technical Analysis
NYSE:JMIA • US48138M1053
Overall JMIA gets a technical rating of 2 out of 10. Although JMIA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month JMIA has a been trading in the 7.12 - 9.71 range, which is quite wide. It is currently trading near the lows of this range.
- JMIA is part of the Broadline Retail industry. There are 30 other stocks in this industry. JMIA outperforms 100% of them.
- JMIA has an average volume of 2588410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, JMIA did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- JMIA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JMIA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
JMIA has a poor technical rating and the quality of the setup is also not perfect 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
7.15
We found 1 important resistance area.
- Resistance @7.94 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for JMIA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JMIA is down. |
| ChartMill Relative Strength | 96.31 | POSITIVE | JMIA has a high relative strength, it outperformed 96.31% 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 | MIXED | The current price of JMIA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.19 | OVERSOLD | The low RSI value suggests JMIA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests JMIA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 15.62 | OVERSOLD | The low Stochastics value suggests JMIA may be oversold. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for JMIA suggests high volalility. |
| Average Directional Index/ADX (14) | 32 | POSITIVE | The high ADX value value for JMIA suggests a strong trend. |
JMIA Technicals: Chart, Performance Metrics, Trend & Indicators
7.22
-0.17 (-2.3%)
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 2 / 10 to JMIA.
What is the trend direction for JMIA stock?
The current trend direction for JUMIA TECHNOLOGIES AG-ADR (JMIA) is Bearish.
What is the RSI signal for JUMIA TECHNOLOGIES AG-ADR (JMIA) stock?
JUMIA TECHNOLOGIES AG-ADR (JMIA) has an RSI value of 29.1871. This indicates that the stock is currently oversold.
What is the MACD signal for JMIA stock?
The MACD indicator for JUMIA TECHNOLOGIES AG-ADR (JMIA) has a value of 0.0506143, 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 negative.