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SOUTH JERSEY INDUSTRIES (SJI) Stock Technical Analysis

NYSE:SJI - New York Stock Exchange, Inc. - US8385181081 - Common Stock - Currency: USD

36.09  -0.02 (-0.06%)

After market: 36.1 +0.01 (+0.03%)

Technical Rating and Analysis

9

Overall SJI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SJI is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SJI is one of the better performing stocks in the market, outperforming 93% of all stocks.
SJI is part of the Gas Utilities industry. There are 14 other stocks in this industry. SJI outperforms 100% of them.
A new 52 week high is currently being made by SJI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
SJI has an average volume of 3119820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SJI has a been trading in a tight range between 35.20 and 36.13.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
SOUTH JERSEY INDUSTRIES / SJI Weekly stock chart
SOUTH JERSEY INDUSTRIES / SJI Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SJI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

32.74

36.64

2 important support areas can be observed.

  • A support zone ranging from 34.44 to 35.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 33.07 to 33.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 36.12 to 36.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SJI is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SJI is up.
ChartMill Relative Strength93.31POSITIVESJI has a high relative strength, it outperformed 93.31% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SJI is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SJI is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SJI is above the rising SMA(200).
Relative Strength Index/RSI (14)67.91NEUTRALThe RSI value for SJI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests SJI has a positive trend, although the MACD value is declining.
Stochastics (14,3)93.94OVERBOUGHTThe high Stochastics value suggests SJI may be overbought.
Average True Range in percent/ATR (20)0.42LOW VOLATILITYThe low ATR as a percentage value for SJI suggests low volalility.
Average Directional Index/ADX (14)26.32POSITIVEThe high ADX value value for SJI suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
36.2935.680.61 (1.68%)25.00%
An entry @36.29. This is a Buy Stop order right above the resistance zone.An exit @35.68. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.61 points, which is 1.68%.For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SOUTH JERSEY INDUSTRIES / SJI Daily stock chart

SOUTH JERSEY INDUSTRIES

NYSE:SJI (1/31/2023, 8:04:00 PM)

After market: 36.1 +0.01 (+0.03%)

36.09

-0.02 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-0.06%
1 Week0.53%
2 Weeks1.04%
1 Month1.58%
3 Month4.52%
6 Month4.58%
12 Month44.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.42%
ATR Inc-69.13%
Range Today0.04
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
CRS93.31
Mansfield0.46
10 Day High36.13
10 Day Low35.69
20 Day High36.13
20 Day Low35.2
52 Week High36.13
52 Week Low23.14
CS1 End35.98
CR1 Start36.12
Volume & EV
DER(3)-0.56%
DER(5)-2.1%
Volume18.60M
Volume Incr332.03%
Vol(5)12.95M
Vol(50)3.12M