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Archive
- 4/17/2025 -
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SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week after 3 consecutive negative weeks for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). During the week, the JNK gained 1.33 points, or 1.44%, and closed at 93.72 on Thursday, April 17, 2025. Weekly volume was -11% below average.
 Long-term trend: [See JNK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 86.28 and reached 97.90 on September 19, 2024. JNK gained -11.62 points, or -13.47%, in 101 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 90.45 and resistance is at 98.74. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See JNK medium-term trend chart]
A medium-term downtrend had started on September 19, 2024 at 97.90 and reached 90.41 on April 9, 2025. JNK lost 7.49 points, or 7.65%, in 28 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 92.46 and resistance is at 96.60. A Broadening Descending 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 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 JNK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See JNK short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 90.41 and reached 93.74 on April 17, 2025. JNK gained -3.33 points, or -3.68%, in 8 days. Price is near the trend high.
Daily Technical Indicators: [See JNK daily technical indicators chart]
Daily technical indicators are neutral.
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.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 233.02% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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