JM SMUCKER CO/THE (SJM) Technical Analysis
NYSE:SJM • US8326964058
We assign a technical rating of 7 out of 10 to SJM. Although SJM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SJM is part of the Food Products industry. There are 88 other stocks in this industry. SJM outperforms 70% of them.
- SJM has an average volume of 2022000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SJM outperforms 50% of them, which is more or less in line with the market.
- SJM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SJM is lagging the market slightly.
- In the last month SJM has a been trading in the 104.27 - 119.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SJM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 115.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.01, 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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2 important support areas can be observed.
- A support zone ranging from 104.83 to 109.01. 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 one important area.
- A resistance zone ranging from 115.95 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 | NEUTRAL | NEUTRAL | The short term trend for SJM is neutral. |
| ChartMill Relative Strength | 50.23 | 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) | 53.36 | NEUTRAL | The RSI value for SJM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SJM has a negative trend. |
| Stochastics (14,3) | 53.95 | NEUTRAL | The Stochastics value for SJM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SJM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.61 | NEUTRAL | The ADX value for SJM suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 116.45 | 105.48 | 10.97 (9.42%) | 10.62% |
| An entry @116.45. This is a Buy Stop order right above the resistance zone. | An exit @105.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.97 points, which is 9.42%. | When investing 10.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SJM Technicals: Chart, Performance Metrics, Trend & Indicators
111.21
-0.13 (-0.12%)
JM SMUCKER CO/THE / SJM FAQ
What is the technical rating for SJM stock?
ChartMill assigns a technical rating of 7 / 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 53.3607. 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 109.01 and a resistance level at 115.95. Check the full technical report for our detailed analysis of SJM support and resistance levels.