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Archive
- 5/23/2025 -
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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 the negative week for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). During the week, the JNK gave back -0.62 points, or -0.65%, and closed at 95.12 on Friday, May 23, 2025. Weekly volume was -7% 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 90.62 and resistance is at 98.91. 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. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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 low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See JNK short-term trend chart]
A short-term downtrend had started on May 13, 2025 at 95.97 and reached 94.86 on May 23, 2025. JNK lost 1.11 points, or 1.16%, in 10 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See JNK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 is close to the moving average in the center of the Bollinger Bands. 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.
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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