Inverse Cramer Tracker ETF (SJIM) Stock Technical Analysis
NYSEARCA:SJIM • US66538H1462
We assign a technical rating of 0 out of 10 to SJIM. SJIM 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, SJIM is a bad performer in the overall market: 100% of all stocks are doing better.
- SJIM 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.
- Warning: SJIM has an average volume of 1556 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SJIM has a been trading in a tight range between 19.35 and 20.35.
- Considerably lower volume is observed in the last couple of days.
SJIM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 19.77, a Stop Loss order could be placed below this zone.
More info and screens
19.16
When analyzing the support we notice one important area.
- A support zone ranging from 19.35 to 19.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.83 to 20.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.47 from a trend line in the daily time frame.
- Resistance @24.16 from a horizontal line in the daily time frame.
- Resistance @24.82 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 SJIM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SJIM is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SJIM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SJIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SJIM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SJIM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.53 | NEUTRAL | The RSI value for SJIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SJIM has a positive trend. |
| Stochastics (14,3) | 50.12 | NEUTRAL | The Stochastics value for SJIM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for SJIM suggests low volalility. |
| Average Directional Index/ADX (14) | 23.76 | NEUTRAL | The ADX value for SJIM suggests a possible start of a new trend. |
NYSEARCA:SJIM (2/13/2024, 8:08:09 PM)
19.78
0 (0%)
Inverse Cramer Tracker ETF / SJIM FAQ
What is the technical rating for SJIM stock?
ChartMill assigns a technical rating of 0 / 10 to SJIM.
What is the trend direction for SJIM stock?
The current trend direction for Inverse Cramer Tracker ETF (SJIM) is Bearish.
What is the RSI signal for SJIM stock?
Inverse Cramer Tracker ETF (SJIM) has an RSI value of 36.5273. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Inverse Cramer Tracker ETF?
The MACD indicator for Inverse Cramer Tracker ETF (SJIM) has a value of 0.0740428, indicating a bearish trend.
What is the buy/sell signal for SJIM stock?
The buy/sell signal for Inverse Cramer Tracker ETF (SJIM) is sell as both the short term and long term trends are negative.