JM SMUCKER CO/THE (SJM) Stock Technical Analysis
NYSE:SJM - New York Stock Exchange, Inc. - US8326964058 - Common Stock - Currency: USD
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.
Although the technical rating is bad, SJM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 109.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 107.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SJM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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93.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 104.97 to 107.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 109.35 to 110.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @112.00 from a trend line in the weekly time frame.
- A resistance zone ranging from 117.38 to 117.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 121.73 to 122.40. 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 | 19.43 | NEGATIVE | SJM has a low relative strength, it was outperformed by 80.57% off all stocks 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) | 60.65 | NEUTRAL | The RSI value for SJM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests SJM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.94 | OVERBOUGHT | The high Stochastics value suggests SJM may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SJM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for SJM suggests a weak or negative trend. |
109.02
+0.38 (+0.35%)