JMIA Technical Analysis - JUMIA TECHNOLOGIES AG-ADR

Technical Rating and Analysis

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.

Both the short term and long term trends are positive. This is a very positive sign.

JMIA is one of the better performing stocks in the Broadline Retail industry, it outperforms 96% of 28 stocks in the same industry.

JMIA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

JMIA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

JMIA has an average volume of 4514870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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. However, this overall good ranking is mostly due to the recent strong move.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

JUMIA TECHNOLOGIES AG-ADR / JMIA Weekly stock chart

JUMIA TECHNOLOGIES AG-ADR / JMIA Daily stock chart

Setup Rating and Analysis

Although JMIA has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

6.04

11.75

3 important support areas can be observed.

Support @11.17 from a horizontal line in the daily time frame.
Support @10.42 from a trend line in the daily time frame.
Support @6.10 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @11.63 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	97.86	POSITIVE	JMIA has a high relative strength, it outperformed 97.86% 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)	65.75	NEUTRAL	The RSI value for JMIA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests JMIA has a negative trend.
Stochastics (14,3)	73.14	NEUTRAL	The Stochastics value for JMIA is a neutral value.
Average True Range in percent/ATR (20)	6.5	HIGH VOLATILITY	The high ATR as a percentage value for JMIA suggests high volalility.
Average Directional Index/ADX (14)	39.27	POSITIVE	The high ADX value value for JMIA suggests a strong trend.