JPMORGAN US QUALITY FACTOR (JQUA) Stock Technical Analysis
NYSEARCA:JQUA - NYSE Arca - US46641Q7613 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to JQUA. JQUA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
JQUA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 60.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 59.20, 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.
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51.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.66 to 59.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.65 to 53.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @51.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.20 to 60.75. 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 | UP | POSITIVE | The long term trend for JQUA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JQUA is up. |
| ChartMill Relative Strength | 65.44 | NEUTRAL | JQUA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JQUA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JQUA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JQUA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.09 | NEUTRAL | The RSI value for JQUA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests JQUA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.2 | NEUTRAL | The Stochastics value for JQUA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for JQUA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.31 | NEGATIVE | The low ADX value for JQUA 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 |
|---|---|---|---|
| 60.76 | 58.30 | 2.46 (4.05%) | 24.70% |
| An entry @60.76. This is a Buy Stop order right above the resistance zone. | An exit @58.30. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.46 points, which is 4.05%. | When investing 24.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
59.67
+0.16 (+0.27%)