JMT Technical Analysis - JERONIMO MARTINS

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to JMT. JMT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month JMT has a been trading in the 20.30 - 21.92 range, which is quite wide. It is currently trading near the lows of this range.

JMT is part of the Consumer Staples Distribution & Retail industry. There are 22 other stocks in this industry. JMT outperforms 76% of them.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, JMT turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

JMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JMT is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

JERONIMO MARTINS / JMT Weekly stock chart

JERONIMO MARTINS / JMT Daily stock chart

Setup Rating and Analysis

JMT has a poor technical rating and the quality of the setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

20.16

23.74

When analyzing the support we notice one important area.

A support zone ranging from 20.36 to 20.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 20.72 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @22.58 from a horizontal line in the daily time frame.
A resistance zone ranging from 23.10 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @23.50 from a horizontal line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for JMT.LS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for JMT.LS is down.
ChartMill Relative Strength	54.82	NEUTRAL	JMT.LS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of JMT.LS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of JMT.LS is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of JMT.LS is below the rising SMA(200).
Relative Strength Index/RSI (14)	40.19	NEUTRAL	The RSI value for JMT.LS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests JMT.LS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.4	OVERSOLD	The low Stochastics value suggests JMT.LS may be oversold.
Average True Range in percent/ATR (20)	1.55	LOW VOLATILITY	The low ATR as a percentage value for JMT.LS suggests low volalility.
Average Directional Index/ADX (14)	22.33	NEUTRAL	The ADX value for JMT.LS suggests a possible start of a new trend.