JPM ULTRA-SHORT MUNI INCOME (JMST)       50.5599  +0.01 (+0.02%)

50.5599  +0.01 (+0.02%)

US46641Q6540 - ETF

Technical Rating

7

Overall JMST gets a technical rating of 7 out of 10. In the past year, JMST was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, JMST did better than 72% of all other stocks. We also observe that the gains produced by JMST over the past year are nicely spread over this period.
JMST is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month JMST has a been trading in a tight range between 50.22 and 50.55.

Statistics

1 Month 3 Months 6 Months 12 Months 0.56% 0.12% -0.16% -0.88% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 72.79 50.21 - 51.1
JMST Weekly chart
JMST Daily chart

Support/Resistance Analysis


49.73

51.62
When analyzing the support we notice one important area.
  • A support zone ranging from 50.23 to 50.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 50.56 to 51.11. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Although JMST 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.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
50.5650.360.20 (0.40%)25.00%
An entry @50.56. This is a Buy Stop order right above the 10 day high.An exit @50.36. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.20 points, which is 0.40%.For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
JMST Daily chart

JPM ULTRA-SHORT MUNI INCOME50.5599

NYSEARCA:JMST (11/28/2022, 12:52:42 PM)+0.01 (+0.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 0.02% 1 Week 0.18%
2 Weeks 0.32% 1 Month 0.56%
3 Month 0.12% 6 Month -0.16%
Volatility
ATR(14) 0.07 ATR(20)% 0.14%
ATR Inc -50.37% Range Today 0.05
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 72.79 Mansfield 0.25
10 Day High 50.55 10 Day Low 50.37
20 Day High 50.55 20 Day Low 50.22
52 Week High 51.1 52 Week Low 50.21
CS1 End 50.48 CR1 Start 50.56
Volume & EV
DER(3) 10.96% DER(5) 7.23%
Volume 189.37K Volume Incr -21.06%
Vol(5) 617.32K Vol(50) 818.13K

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