We assign a technical rating of 4 out of 10 to JO. In the last year, JO was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
JO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 53.45, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.67
2 important support areas can be observed.
- A support zone ranging from 52.82 to 53.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.16 to 49.28. 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 54.13 to 55.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @56.44 from a horizontal line in the weekly time frame.
- Resistance @57.59 from a trend line in the daily time frame.
- Resistance @63.04 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for JO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JO is neutral. |
| ChartMill Relative Strength | 31.45 | NEUTRAL | JO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of JO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.49 | NEUTRAL | The RSI value for JO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests JO has a positive trend. |
| Stochastics (14,3) | 52.33 | NEUTRAL | The Stochastics value for JO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for JO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.78 | NEGATIVE | The low ADX value for JO suggests a weak or negative trend. |
iPath Series B Bloomberg Coffee Subindex TR ETN
NYSEARCA:JO (6/8/2023, 8:04:00 PM)
54
-0.67 (-1.22%)
iPath Series B Bloomberg Coffee Subindex TR ETN / JO FAQ
What is the ChartMill technical rating of iPath Series B Bloomberg Coffee Subindex TR ETN (JO) stock?
ChartMill assigns a technical rating of 4 / 10 to JO.
What is the current trend direction of iPath Series B Bloomberg Coffee Subindex TR ETN (JO) stock?
The current trend direction for iPath Series B Bloomberg Coffee Subindex TR ETN (JO) is Bullish.
What is the RSI signal for JO stock?
iPath Series B Bloomberg Coffee Subindex TR ETN (JO) has an RSI value of 49.4893. This indicates that the stock is currently neutral.
What is the short term momentum for iPath Series B Bloomberg Coffee Subindex TR ETN (JO) stock?
The short term momentum for iPath Series B Bloomberg Coffee Subindex TR ETN (JO) is neutral.