JPM Long/Short ETF (JPLS) Stock Technical Analysis
USA - NYSEARCA:JPLS -
17.145
-0.05 (-0.29%)
We assign a technical rating of 0 out of 10 to JPLS. JPLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, JPLS is a bad performer in the overall market: 91% of all stocks are doing better.
JPLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: JPLS has an average volume of 4873 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month JPLS has a been trading in a tight range between 17.04 and 17.41.
Volume is considerably higher in the last couple of days.
The technical rating of JPLS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.96
22.23
When analyzing the support we notice one important area.
- A support zone ranging from 17.13 to 17.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.19 to 17.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.31 to 21.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 21.92 to 22.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 JPLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JPLS is down. |
| ChartMill Relative Strength | 9.27 | NEGATIVE | JPLS has a low relative strength, it was outperformed by 90.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JPLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JPLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JPLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.38 | OVERSOLD | The low RSI value suggests JPLS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests JPLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.54 | NEUTRAL | The Stochastics value for JPLS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for JPLS suggests low volalility. |
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)
NYSEARCA:JPLS (6/12/2020, 8:05:24 PM)
17.145
-0.05 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.29%
1 Week-0.38%
2 Weeks-0.38%
1 Month-1.39%
3 Month-9.94%
6 Month-21.93%
12 Month-20.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.35%
ATR Inc93.89%
Range Today0.04
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
CRS9.27
Mansfield-1.84
10 Day High17.23
10 Day Low17.04
20 Day High17.41
20 Day Low17.04
52 Week High22.19
52 Week Low17.04
CS1 End17.14
CR1 Start17.19
Volume & EV
DER(3)-1.77%
DER(5)-1.06%
Volume3.60K
Volume Incr2325.7%
Vol(5)35.38K
Vol(50)4.87K