JOBY AVIATION INC (JOBY) Stock Technical Analysis
USA - NYSE:JOBY - KYG651631007 - Common Stock
Taking everything into account, JOBY scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, JOBY has proven to be a steady performer, scoring decent points in every aspect analyzed.
JOBY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.10. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for JOBY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.36 to 16.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.96 from a trend line in the daily time frame.
- A support zone ranging from 15.47 to 15.67. 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 3 important areas.
- A resistance zone ranging from 18.10 to 18.26. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @19.22 from a trend line in the daily time frame.
- Resistance @19.57 from a horizontal line in the daily 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 JOBY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JOBY is up. |
| ChartMill Relative Strength | 97.04 | POSITIVE | JOBY has a high relative strength, it outperformed 97.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JOBY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JOBY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JOBY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.81 | NEUTRAL | The RSI value for JOBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests JOBY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.57 | NEUTRAL | The Stochastics value for JOBY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for JOBY suggests high volalility. |
| Average Directional Index/ADX (14) | 16.4 | NEGATIVE | The low ADX value for JOBY suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.27 | 16.35 | 1.92 (10.51%) | 9.52% |
| An entry @18.27. This is a Buy Stop order right above the resistance zone. | An exit @16.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.92 points, which is 10.51%. | For a 1.00% total portfolio risk, you can invest 9.52% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of JOBY. Please evaluate whether better entry and exit points can be found.
- 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.
17.34
+0.79 (+4.77%)
JOBY AVIATION INC / JOBY FAQ
What is the technical rating for JOBY stock?
ChartMill assigns a technical rating of 8 / 10 to JOBY.
Can you provide the trend direction for JOBY AVIATION INC?
The current trend direction for JOBY AVIATION INC (JOBY) is Bullish.
What is the RSI signal for JOBY stock?
JOBY AVIATION INC (JOBY) has an RSI value of 54.8139. This indicates that the stock is currently neutral.
What is the short term momentum for JOBY AVIATION INC (JOBY) stock?
The short term momentum for JOBY AVIATION INC (JOBY) is positive.
What is the support and resistance level for JOBY stock?
JOBY AVIATION INC (JOBY) has a support level at 16.41 and a resistance level at 18.1. Check the full technical report for our detailed analysis of JOBY support and resistance levels.