Jushi Holdings Inc. Cl B (JUSH.CA) Stock Technical Analysis
Canada • Canadian Securities Exchange • CNSX:JUSH
Taking everything into account, JUSH scores 8 out of 10 in our technical rating. In the last year, JUSH was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, JUSH did better than 94% of all other stocks. We also observe that the gains produced by JUSH over the past year are nicely spread over this period.
- JUSH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JUSH is lagging the market slightly.
- In the last month JUSH has a been trading in the 7.19 - 9.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
JUSH has an excellent technical rating, but the quality of the setup is only medium 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
5.85
When analyzing the support we can see 3 important areas.
- Support @7.85 from a horizontal line in the weekly time frame.
- Support @7.49 from a trend line in the daily time frame.
- Support @5.91 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.60 to 8.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.06 to 9.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for JUSH.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JUSH.CA is neutral. |
| ChartMill Relative Strength | 94.23 | POSITIVE | JUSH.CA has a high relative strength, it outperformed 94.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JUSH.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of JUSH.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JUSH.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.61 | NEUTRAL | The RSI value for JUSH.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests JUSH.CA has a positive trend. |
| Stochastics (14,3) | 66.54 | NEUTRAL | The Stochastics value for JUSH.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.32 | HIGH VOLATILITY | The high ATR as a percentage value for JUSH.CA suggests high volalility. |
CNSX:JUSH (4/8/2021, 8:25:29 PM)
8.6
-0.1 (-1.15%)
Jushi Holdings Inc. Cl B / JUSH.CA FAQ
What is the technical rating for JUSH stock?
ChartMill assigns a technical rating of 7 / 10 to JUSH.CA.
What is the trend direction for JUSH stock?
The current trend direction for Jushi Holdings Inc. Cl B (JUSH.CA) is Bullish.
What is the RSI signal for JUSH stock?
Jushi Holdings Inc. Cl B (JUSH.CA) has an RSI value of 50.6094. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Jushi Holdings Inc. Cl B?
The short term momentum for Jushi Holdings Inc. Cl B (JUSH.CA) is neutral.