JM SMUCKER CO/THE (SJM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SJM - US8326964058 - Common Stock
Taking everything into account, SJM scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SJM was also a bad performer in the overall market in the last year.
- 70% of all other stocks performed better in the past year than SJM.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month SJM has a been trading in the 94.18 - 105.35 range, which is quite wide. It is currently trading near the high of this range.
- SJM has an average volume of 1630580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SJM is an average performer in the Food Products industry, it outperforms 63% of 87 stocks in the same industry.
- SJM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SJM is lagging the market.
The technical rating of SJM is bad and it also does not present a 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
93.47
When analyzing the support we notice one important area.
- A support zone ranging from 94.41 to 95.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 104.83 to 106.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.93 from a trend line in the daily time frame.
- A resistance zone ranging from 110.09 to 116.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SJM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJM is up. |
| ChartMill Relative Strength | 30.97 | NEUTRAL | SJM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SJM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SJM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for SJM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests SJM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.41 | OVERBOUGHT | The high Stochastics value suggests SJM may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for SJM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for SJM suggests a weak or negative trend. |
102.05
-2.73 (-2.61%)
JM SMUCKER CO/THE / SJM FAQ
What is the technical rating for SJM stock?
ChartMill assigns a technical rating of 3 / 10 to SJM.
What is the trend direction for SJM stock?
The current trend direction for JM SMUCKER CO/THE (SJM) is Bearish.
What is the RSI signal for JM SMUCKER CO/THE (SJM) stock?
JM SMUCKER CO/THE (SJM) has an RSI value of 54.757. This indicates that the stock is currently neutral.
What is the support and resistance level for SJM stock?
JM SMUCKER CO/THE (SJM) has a support level at 95.63 and a resistance level at 104.83. Check the full technical report for our detailed analysis of SJM support and resistance levels.