JOBY AVIATION INC (JOBY) Technical Analysis
NYSE:JOBY • KYG651631007
Overall JOBY gets a technical rating of 2 out of 10. Although JOBY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- JOBY is part of the Passenger Airlines industry. There are 22 other stocks in this industry. JOBY outperforms 85% of them.
- JOBY has an average volume of 28286600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that JOBY is one of the better performing stocks in the market, outperforming 72% of all stocks. However, we also see that JOBY couldn't keep up this performance in the last couple of months.
- JOBY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JOBY is lagging the market slightly.
- In the last month JOBY has a been trading in the 9.14 - 10.96 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 bad, JOBY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.61, a Stop Loss order could be placed below this zone.
More info and screens
9.36
We found 1 important support area.
- A support zone ranging from 9.45 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.90 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.25 to 10.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 13.92 to 13.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.24 from a trend line in the daily time frame.
- Resistance @16.35 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 | DOWN | NEGATIVE | The long term trend for JOBY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JOBY is down. |
| ChartMill Relative Strength | 72.71 | POSITIVE | JOBY has a high relative strength, it outperformed 72.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JOBY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JOBY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of JOBY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.35 | NEUTRAL | The RSI value for JOBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests JOBY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.5 | NEUTRAL | The Stochastics value for JOBY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.42 | HIGH VOLATILITY | The high ATR as a percentage value for JOBY suggests high volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for JOBY suggests a possible start of a new trend. |
JOBY Technicals: Chart, Performance Metrics, Trend & Indicators
9.74
-0.49 (-4.79%)
JOBY AVIATION INC / JOBY FAQ
What is the technical rating for JOBY stock?
ChartMill assigns a technical rating of 2 / 10 to JOBY.
What is the current trend direction of JOBY AVIATION INC (JOBY) stock?
The current trend direction for JOBY AVIATION INC (JOBY) is Bearish.
What is the RSI signal for JOBY stock?
JOBY AVIATION INC (JOBY) has an RSI value of 41.3481. This indicates that the stock is currently neutral.
What is the MACD signal for JOBY AVIATION INC (JOBY) stock?
The MACD indicator for JOBY AVIATION INC (JOBY) has a value of 0.149378, indicating a bearish trend.
Can you provide the support and resistance levels for JOBY AVIATION INC?
JOBY AVIATION INC (JOBY) has a support level at 9.61 and a resistance level at 9.9. Check the full technical report for our detailed analysis of JOBY support and resistance levels.