The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 0
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

J.M. Smucker Co. (SJM) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the J.M. Smucker Co. (SJM). During the week, the SJM gained 2.51 points, or 2.10%, and closed at 122.07 on Friday, March 15, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was 7% above average.

Long-term trend: [See SJM long-term trend chart]
A long-term uptrend had started on December 27, 2018 at 91.32 and reached 163.07 on January 6, 2023. SJM gained -71.75 points, or -78.57%, in 210 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 93.73 and resistance is at 174.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See SJM medium-term trend chart]
A medium-term downtrend had started on January 6, 2023 at 163.07 and reached 107.33 on November 8, 2023. SJM lost 55.74 points, or 34.18%, in 43 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 89.51 and resistance is at 151.34. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See SJM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See SJM short-term trend chart]
A short-term uptrend had started on March 8, 2024 at 116.93 and reached 124.25 on March 13, 2024. SJM gained -7.32 points, or -6.26%, in 5 days. The price is now at the 29.78% retracement level.

Daily Technical Indicators: [See SJM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.43
Williams' Percentage Range (W%R) 61.90
Lane's Stochastic (%D-Slow) 73.04
Greed/Fear Indicator (GFI) 51.18
Moving Average Converg./Diverg. (MACD) -1.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.12
Williams' Percentage Range (W%R) 50.60
Lane's Stochastic (%D-Slow) 27.27
Greed/Fear Indicator (GFI) 41.87
Moving Average Converg./Diverg. (MACD) -2.80
Trading Signals
Description Value Chart
Upper Bollinger Band 127.49
50 Day Moving Average 126.92
Daily Stochastic Crossing 122.70
20 Day Moving Average 122.54
Price 122.07
Weekly Stochastic Crossing 120.71
Lower Bollinger Band 118.58
Parabolic System 117.11
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Packaged Foods & Meats 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 116.93
Low Date 03/08/2024
High 124.25
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.62
High Date 02/02/2024
Low 116.93
Low Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.33
Low Date 11/08/2023
High 134.62
High Date 02/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 151.34
Support 89.51
High 163.07
High Date 01/06/2023
Low 107.33
Low Date 11/08/2023
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 174.34
Support 93.73
Low 91.32
Low Date 12/27/2018
High 163.07
High Date 01/06/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.