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 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, JTAI is a bad performer in the overall market: 98% of all stocks are doing better.
JTAI is one of the lesser performing stocks in the Passenger Airlines industry. 90% of 23 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. The S&P500 Index is trading in the upper part of its 52 week range, so JTAI is lagging the market.
In the last month JTAI has a been trading in the 3.53 - 4.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
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 very little resistance above the current price.
More info and screens
3.54
4.58
When analyzing the resistance we notice 4 important areas.
- Resistance @3.71 from a trend line in the daily time frame.
- Resistance @3.82 from a trend line in the daily time frame.
- A resistance zone ranging from 3.97 to 4.06. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for JTAI is down. |
| ChartMill Relative Strength | 2.76 | NEGATIVE | JTAI has a low relative strength, it was outperformed by 97.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JTAI is below 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) | 39.69 | NEUTRAL | The RSI value for JTAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests JTAI has a negative trend. |
| Stochastics (14,3) | 11.47 | OVERSOLD | The low Stochastics value suggests JTAI may be oversold. |
| Average True Range in percent/ATR (20) | 8.57 | HIGH VOLATILITY | The high ATR as a percentage value for JTAI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.57 | 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)
3.58
-0.15 (-4.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryPassenger Airlines
Performance
% Chg-4.02%
1 Week-14.96%
2 Weeks-5.79%
1 Month-18.82%
3 Month-16.74%
6 Month-20.8%
12 Month-96.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%8.57%
ATR Inc-24.41%
Range Today0.24
ADR(20)0.3
ADR(20)%8.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.76
Mansfield-8.39
10 Day High4.7
10 Day Low3.53
20 Day High4.7
20 Day Low3.53
52 Week High118.51
52 Week Low2.3
CS1 EndN/A
CR1 Start3.71
Volume & EV
DER(3)-9.06%
DER(5)-9.62%
Volume135.50K
Volume Incr-62.62%
Vol(5)161.40K
Vol(50)358.36K