ELEMENTS ROGERS AGRI TOT RET (RJA) Stock Technical Analysis
USA - NYSEARCA:RJA - US8702976031 - ETF
9.16 USD
+0.01 (+0.11%)
Overall RJA gets a technical rating of 2 out of 10. Although RJA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, we notice that RJA is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RJA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RJA is lagging the market.
In the last month RJA has a been trading in a tight range between 8.98 and 9.39.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, RJA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.16, a Stop Loss order could be placed below this zone.
More info and screens
8.50
10.43
We found 2 important support areas.
- A support zone ranging from 8.81 to 9.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.59 to 8.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.17 to 9.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.45 to 9.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.33 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 RJA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RJA is down. |
| ChartMill Relative Strength | 90.34 | POSITIVE | RJA has a high relative strength, it outperformed 90.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RJA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RJA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RJA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.55 | NEUTRAL | The RSI value for RJA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RJA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.15 | NEUTRAL | The Stochastics value for RJA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for RJA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for RJA 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)
NYSEARCA:RJA (10/21/2022, 10:46:53 PM)
9.16
+0.01 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.11%
1 Week0.55%
2 Weeks0.11%
1 Month-0.33%
3 Month6.51%
6 Month-13.42%
12 Month12.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.36%
ATR Inc-31.96%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.34
Mansfield0.9
10 Day High9.39
10 Day Low9.04
20 Day High9.39
20 Day Low8.98
52 Week High11.03
52 Week Low8.13
CS1 End9.16
CR1 Start9.17
Volume & EV
DER(3)-1.07%
DER(5)-3.78%
Volume140.34K
Volume Incr7.72%
Vol(5)271.73K
Vol(50)201.27K