SAN JUAN BASIN ROYALTY TR (SJT) Stock Technical Analysis
NYSE:SJT - New York Stock Exchange, Inc. - US7982411057 - Currency: USD
Taking everything into account, SJT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SJT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SJT did better than 95% of all other stocks. On top of that, SJT also shows a nice and consistent pattern of rising prices.
SJT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 96% of 213 stocks in the same industry.
SJT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SJT is leading the market.
In the last month SJT has a been trading in the 5.72 - 7.22 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SJT has an excellent technical rating, but the quality of the setup is only medium 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
3.66
6.90
7 important support areas can be observed.
- A support zone ranging from 6.26 to 6.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.91 from a trend line in the weekly time frame.
- Support @5.59 from a trend line in the daily time frame.
- Support @4.73 from a horizontal line in the daily time frame.
- Support @4.20 from a trend line in the daily time frame.
- Support @4.12 from a trend line in the weekly time frame.
- Support @3.70 from a horizontal line in the daily time frame.
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 SJT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJT is up. |
| ChartMill Relative Strength | 95.83 | POSITIVE | SJT has a high relative strength, it outperformed 95.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SJT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SJT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.34 | NEUTRAL | The RSI value for SJT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SJT has a positive trend. |
| Stochastics (14,3) | 78.82 | NEUTRAL | The Stochastics value for SJT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SJT suggests some volalility. |
| Average Directional Index/ADX (14) | 32.83 | POSITIVE | The high ADX value value for SJT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 7.23 | 6.25 | 0.98 (13.55%) | 7.38% |
| An entry @7.23. This is a Buy Stop order right above the 10 day high. | An exit @6.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.98 points, which is 13.55%. | For a 1.00% total portfolio risk, you can invest 7.38% of your capital in this trade. |
- 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.
6.83
-0.17 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.43%
1 Week8.59%
2 Weeks3.02%
1 Month12.52%
3 Month37.98%
6 Month66.59%
12 Month64.98%
2 Year-15.57%
3 Year-47.01%
5 Year143.93%
10 Year-35.63%
15 Year-71.14%
Volatility
ATR(14)0.32
ATR(20)%4.52%
ATR Inc29.51%
Range Today0.23
ADR(20)0.31
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.83
Mansfield5.18
10 Day High7.22
10 Day Low6.11
20 Day High7.22
20 Day Low5.72
52 Week High7.22
52 Week Low3.21
CS1 End6.34
CR1 StartN/A
Volume & EV
DER(3)7.76%
DER(5)4.46%
Volume339.70K
Volume Incr48.23%
Vol(5)472.58K
Vol(50)301.79K