JM SMUCKER CO/THE (SJM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SJM • US8326964058
Overall SJM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SJM is only an average performer.
- The long and short term trends are both positive. This is looking good!
- SJM is one of the better performing stocks in the Food Products industry, it outperforms 71% of 88 stocks in the same industry.
- In the last month SJM has a been trading in the 99.34 - 110.51 range, which is quite wide. It is currently trading near the high of this range.
- SJM has an average volume of 1511280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SJM turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- 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.
Although SJM has an excellent technical rating, the quality of the presented setup is not ideal 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 can see 3 important areas.
- Support @108.95 from a trend line in the daily time frame.
- A support zone ranging from 104.42 to 104.91. 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 2 important areas.
- A resistance zone ranging from 109.44 to 111.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 114.95 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 | UP | POSITIVE | The long term trend for SJM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJM is up. |
| ChartMill Relative Strength | 49.73 | 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) | UP | POSITIVE | The current price of SJM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SJM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.6 | NEUTRAL | The RSI value for SJM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests SJM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.27 | OVERBOUGHT | The high Stochastics value suggests SJM may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SJM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for SJM suggests a possible start of a new trend. |
109.38
+1.92 (+1.79%)
JM SMUCKER CO/THE / SJM FAQ
What is the technical rating for SJM stock?
ChartMill assigns a technical rating of 8 / 10 to SJM.
What is the trend direction for SJM stock?
The current trend direction for JM SMUCKER CO/THE (SJM) is Bullish.
What is the RSI signal for JM SMUCKER CO/THE (SJM) stock?
JM SMUCKER CO/THE (SJM) has an RSI value of 65.604. This indicates that the stock is currently neutral.
What is the buy/sell signal for SJM stock?
The buy/sell signal for JM SMUCKER CO/THE (SJM) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SJM stock?
JM SMUCKER CO/THE (SJM) has a support level at 108.95 and a resistance level at 109.44. Check the full technical report for our detailed analysis of SJM support and resistance levels.