iPath Series B Bloomberg Coffee Subindex TR ETN (JO) Stock Technical Analysis
NYSEARCA:JO - NYSE Arca - US06746P5632 - ETF - Currency: USD
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.
69% of all other stocks performed better in the past year than JO.
Warning: JO has an average volume of 13756 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
JO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JO is lagging the market.
In the last month JO has a been trading in the 51.81 - 56.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, JO does present a nice setup opportunity. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
63.67
We found 2 important support areas.
- 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.
We can see 4 important resistance 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
iPath Series B Bloomberg Coffee Subindex TR ETN
NYSEARCA:JO (6/8/2023, 8:04:00 PM)
54
-0.67 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.22%
1 Week-0.03%
2 Weeks-2.07%
1 Month-0.78%
3 Month5.88%
6 Month19.93%
12 Month-12.9%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.14
ATR(20)%2.19%
ATR Inc10.83%
Range Today1.56
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.45
Mansfield-0.72
10 Day High55.57
10 Day Low51.81
20 Day High56.67
20 Day Low51.81
52 Week High67.41
52 Week Low40.75
CS1 End53.45
CR1 Start54.13
Volume & EV
DER(3)1.85%
DER(5)-1.05%
Volume700
Volume Incr77.17%
Vol(5)15.44K
Vol(50)13.76K