SJ Technical Analysis - SCIENJOY HOLDING CORP-A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SJ. SJ 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, SJ is a bad performer in the overall market: 96% of all stocks are doing better.

SJ is one of the lesser performing stocks in the Entertainment industry. 74% of 80 stocks in the same industry do better.

SJ 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.

SJ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCIENJOY HOLDING CORP-A / SJ Weekly stock chart

SCIENJOY HOLDING CORP-A / SJ Daily stock chart

Setup Rating and Analysis

SJ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.51

1.09

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 0.54 to 0.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.62 from a trend line in the daily time frame.
Resistance @0.64 from a trend line in the daily time frame.
Resistance @1.02 from a trend line in the weekly time frame.
A resistance zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.08 from a horizontal line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for SJ is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SJ is down.
ChartMill Relative Strength	4.41	NEGATIVE	SJ has a low relative strength, it was outperformed by 95.59% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SJ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SJ is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SJ is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.74	NEUTRAL	The RSI value for SJ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests SJ has a negative trend, although the MACD value is rising.
Stochastics (14,3)	18.03	OVERSOLD	The low Stochastics value suggests SJ may be oversold.
Average True Range in percent/ATR (20)	13.66	HIGH VOLATILITY	The high ATR as a percentage value for SJ suggests high volalility.
Average Directional Index/ADX (14)	49.14	POSITIVE	The high ADX value value for SJ suggests a strong trend.