SAN JUAN BASIN ROYALTY TR (SJT) Stock Technical Analysis
USA - NYSE:SJT - US7982411057
Overall SJT gets a technical rating of 10 out of 10. 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.
Although SJT 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.
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5.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.33 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.88 to 6.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.55 from a trend line in the weekly time frame.
- Support @5.36 from a trend 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 | 90.42 | POSITIVE | SJT has a high relative strength, it outperformed 90.42% 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) | 66.48 | NEUTRAL | The RSI value for SJT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SJT has a positive trend. |
| Stochastics (14,3) | 92.46 | OVERBOUGHT | The high Stochastics value suggests SJT may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SJT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for SJT suggests a strong 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 |
|---|---|---|---|
| 6.41 | 6.32 | 0.09 (1.40%) | 25.00% |
| An entry @6.41. This is a Buy Stop order right above the 10 day high. | An exit @6.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.09 points, which is 1.40%. | For a 0.35% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SJT. Please evaluate whether better entry and exit points can be found.
- 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.
6.38
+0.13 (+2.08%)
SAN JUAN BASIN ROYALTY TR / SJT FAQ
Can you provide the ChartMill technical rating for SAN JUAN BASIN ROYALTY TR?
ChartMill assigns a technical rating of 10 / 10 to SJT.
What is the current trend direction of SAN JUAN BASIN ROYALTY TR (SJT) stock?
The current trend direction for SAN JUAN BASIN ROYALTY TR (SJT) is Bullish.
What is the RSI signal for SAN JUAN BASIN ROYALTY TR (SJT) stock?
SAN JUAN BASIN ROYALTY TR (SJT) has an RSI value of 66.4758. This indicates that the stock is currently neutral.
What is the MACD signal for SJT stock?
The MACD indicator for SAN JUAN BASIN ROYALTY TR (SJT) has a value of 0.085593, indicating a bearish trend.
What is the buy/sell signal for SAN JUAN BASIN ROYALTY TR (SJT) stock?
The buy/sell signal for SAN JUAN BASIN ROYALTY TR (SJT) is buy as both the short term and long term trends are positive.