NYSE:SJM - New York Stock Exchange, Inc. - US8326964058 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SJM. SJM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is only medium, SJM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 117.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 115.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
99.41
When analyzing the support we can see 3 important areas.
We can see 3 important resistance areas.
116.27
+0.98 (+0.85%)