JERONIMO MARTINS (JMT.LS)

PTJMT0AE0001 - Common Stock

22.78  -0.04 (-0.18%)

Technical Rating

8

Overall JMT gets a technical rating of 8 out of 10. Both in the recent history as in the last year, JMT has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, JMT did better than 95% of all other stocks.
JMT is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 91% of 12 stocks in the same industry.
JMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so JMT is leading the market.
In the last month JMT has a been trading in a tight range between 22.28 and 23.14.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months -0.35% 15.72% 7.14% 20.49% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.02 18.25 - 23.3
JMT Weekly chart
JMT Daily chart

Support/Resistance Analysis


18.12

23.45
6 important support areas can be observed.
  • A support zone ranging from 22.38 to 22.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 21.60 to 22.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @20.73 from a trend line in the daily time frame.
  • Support @19.81 from a trend line in the daily time frame.
  • Support @19.38 from a trend line in the weekly time frame.
  • Support @18.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 23.00 to 23.22. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, JMT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.0. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.77, a Stop Loss order could be placed below this zone.


Possible Trading Setup

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


ENTRYEXITDISTANCECAPITAL
23.2322.370.86 (3.70%)25.00%
An entry @23.23. This is a Buy Stop order right above the resistance zone.An exit @22.37. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.86 points, which is 3.70%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%.

  • 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.
JMT Daily chart

JERONIMO MARTINS

ELI:JMT (5/30/2023, 5:35:30 PM)

22.78

-0.04 (-0.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-0.18%
1 WeekN/A
2 Weeks0.8%
1 Month-0.35%
3 Month15.72%
6 Month7.14%
12 Month20.49%
Volatility
ATR(14)0.34
ATR(20)%1.52%
ATR Inc31.65%
Range Today0.14
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.02
Mansfield0.29
10 Day High22.98
10 Day Low22.28
20 Day High23.14
20 Day Low22.28
52 Week High23.3
52 Week Low18.25
CS1 End22.77
CR1 Start23
Volume & EV
DER(3)0.3%
DER(5)2.01%
Volume243.24K
Volume Incr-23.44%
Vol(5)436.59K
Vol(50)741.07K
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