NJAN Technical Analysis - INNOVATOR GROWTH 100 POWER B

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to NJAN. Although NJAN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: NJAN has an average volume of 9499 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

NJAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

When comparing the performance of all stocks over the past year, NJAN turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.

In the last month NJAN has a been trading in a tight range between 52.67 and 53.43.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

INNOVATOR GROWTH 100 POWER B / NJAN Weekly stock chart

INNOVATOR GROWTH 100 POWER B / NJAN Daily stock chart

Setup Rating and Analysis

NJAN has an average technical rating and it also does not offer a high 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

43.89

53.95

We found 2 important support areas.

A support zone ranging from 51.12 to 52.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 44.33 to 44.59. This zone is formed by a combination of multiple trend lines in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 53.07 to 53.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 NJAN is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NJAN is neutral.
ChartMill Relative Strength	69.91	NEUTRAL	NJAN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of NJAN is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NJAN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NJAN is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.88	NEUTRAL	The RSI value for NJAN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests NJAN has a negative trend.
Stochastics (14,3)	69.63	NEUTRAL	The Stochastics value for NJAN is a neutral value.
Average True Range in percent/ATR (20)	0.36	LOW VOLATILITY	The low ATR as a percentage value for NJAN suggests low volalility.
Average Directional Index/ADX (14)	24.5	NEUTRAL	The ADX value for NJAN suggests a possible start of a new trend.