JET.AI INC (JTAI) Stock Technical Analysis
NASDAQ:JTAI - Nasdaq - US47714H3084 - Common Stock - Currency: USD
Overall JTAI gets a technical rating of 0 out of 10. JTAI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
98% of all other stocks performed better in the past year than JTAI.
JTAI is one of the lesser performing stocks in the Passenger Airlines industry. 95% of 22 stocks in the same industry do better.
JTAI 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month JTAI has a been trading in the 3.33 - 3.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JTAI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.44, a Stop Loss order could be placed below this zone.
More info and screens
3.34
4.58
2 important support areas can be observed.
- A support zone ranging from 3.43 to 3.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.37 to 3.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.71 to 3.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.11 from a trend line in the daily time frame.
- Resistance @4.53 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 JTAI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JTAI is neutral. |
| ChartMill Relative Strength | 2.49 | NEGATIVE | JTAI has a low relative strength, it was outperformed by 97.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JTAI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JTAI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JTAI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.52 | NEUTRAL | The RSI value for JTAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests JTAI has a positive trend. |
| Stochastics (14,3) | 62.37 | NEUTRAL | The Stochastics value for JTAI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for JTAI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.87 | NEGATIVE | The low ADX value for JTAI 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)
3.7
-0.01 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-0.27%
1 Week6.02%
2 Weeks4.23%
1 Month-4.39%
3 Month-8.19%
6 Month-3.9%
12 Month-95.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%5.74%
ATR Inc-52%
Range Today0.12
ADR(20)0.21
ADR(20)%5.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.49
Mansfield-7.73
10 Day High3.79
10 Day Low3.33
20 Day High3.95
20 Day Low3.33
52 Week High97.4
52 Week Low2.3
CS1 End3.44
CR1 Start3.71
Volume & EV
DER(3)-3.1%
DER(5)-7.96%
Volume104.50K
Volume Incr-59.21%
Vol(5)118.40K
Vol(50)413.95K