SAN JUAN BASIN ROYALTY TR (SJT)       9.62  +0.06 (+0.63%)

9.62  +0.06 (+0.63%)

US7982411057

Technical Rating

3

Taking everything into account, SJT scores 3 out of 10 in our technical rating. Although SJT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.



When comparing the yearly performance of all stocks, we notice that SJT is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by SJT over the past year are nicely spread over this period.
SJT is part of the Oil, Gas & Consumable Fuels industry. There are 380 other stocks in this industry. SJT outperforms 93% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
SJT is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So SJT is doing better than the market!
In the last month SJT has a been trading in the 9.54 - 14.41 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -31.52% 6.46% 6.22% 85.63% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.82 5.135 - 15.43
SJT Weekly chart
SJT Daily chart

Support/Resistance Analysis


6.74

10.94
When analyzing the support we can see 3 important areas.
  • Support @8.97 from a horizontal line in the weekly time frame.
  • A support zone ranging from 8.56 to 8.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @6.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
  • Resistance @10.83 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

2

The technical rating of SJT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


SJT Daily chart

SAN JUAN BASIN ROYALTY TR9.62

NYSE:SJT (9/27/2022, 10:15:49 AM)+0.06 (+0.63%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0.63% 1 Week -15.62%
2 Weeks -17.94% 1 Month -31.52%
3 Month 6.46% 6 Month 6.22%
Volatility
ATR(14) 0.56 ATR(20)% 6.14%
ATR Inc 43.95% Range Today 0.49
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 98.82 Mansfield 2.17
10 Day High 12.32 10 Day Low 9.54
20 Day High 14.41 20 Day Low 9.54
52 Week High 15.43 52 Week Low 5.14
CS1 End 8.97 CR1 Start 10.83
Volume & EV
DER(3) -5.6% DER(5) -5.37%
Volume 271.59K Volume Incr -20.32%
Vol(5) 681.14K Vol(50) 802.85K

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