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Downtrend Broken Resist.Archive
- 5/2/2025 -
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J.M. Smucker Co. (SJM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the J.M. Smucker Co. (SJM). During the week, the SJM gave back -0.44 points, or -0.38%, and closed at 114.76 on Friday, May 2, 2025. Weekly volume was -17% below average.
SJM is a member of Consumer Staples Sector. Consumer Staples is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SJM long-term trend chart]
A long-term downtrend had started on January 6, 2023 at 163.07 and reached 98.80 on February 18, 2025. SJM lost 64.27 points, or 39.41%, in 110 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 98.25 and resistance is at 117.03. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See SJM medium-term trend chart]
A medium-term downtrend had started on April 14, 2025 at 118.79 and reached 112.13 on April 29, 2025. SJM lost 6.66 points, or 5.61%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 108.68 and resistance is at 116.04. 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 SJM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 28, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See SJM short-term trend chart]
A short-term downtrend had started on April 30, 2025 at 116.78 and reached 113.37 on May 2, 2025. SJM lost 3.41 points, or 2.92%, in 2 days. The price is now at the 40.76% retracement level.
Daily Technical Indicators: [See SJM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 4, 2025. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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