SAN JUAN BASIN ROYALTY TR (SJT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SJT - US7982411057
Taking everything into account, SJT scores 5 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.
SJT has an average technical rating and it also does not offer a high quality setup 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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5.26
2 important support areas can be observed.
- Support @5.42 from a horizontal line in the weekly time frame.
- Support @5.31 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.68 to 5.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.39 to 6.48. 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 | NEUTRAL | NEUTRAL | The long term trend for SJT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SJT is neutral. |
| ChartMill Relative Strength | 84.86 | POSITIVE | SJT has a high relative strength, it outperformed 84.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SJT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SJT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SJT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.41 | NEUTRAL | The RSI value for SJT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SJT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.69 | NEUTRAL | The Stochastics value for SJT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SJT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for SJT suggests a possible start of a new trend. |
5.64
+0.01 (+0.18%)
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 5 / 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 Bearish.
What is the RSI signal for SAN JUAN BASIN ROYALTY TR (SJT) stock?
SAN JUAN BASIN ROYALTY TR (SJT) has an RSI value of 44.4091. 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 -0.0566673, indicating a bearish trend.