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Uptrend SupportArchive
- 4/5/2024 -
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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 dropped -8.65 points, or -6.87%, and closed at 117.22 on Friday, April 5, 2024. Weekly volume was 8% 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 93.75 and resistance is at 174.87. 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 86.64 and resistance is at 150.78. 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 downtrend had started on March 20, 2024 at 127.59 and reached 116.99 on April 5, 2024. SJM lost 10.60 points, or 8.31%, in 16 days. Price is near the trend low.
 Daily Technical Indicators: [See SJM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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