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Archive
- 11/15/2024 -
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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 -0.71 points, or -0.73%, and closed at 96.36 on Friday, November 15, 2024. Weekly volume was -29% below average.
 Long-term trend: [See JNK long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 87.80 and reached 97.90 on September 19, 2024. JNK gained -10.10 points, or -11.50%, in 47 weeks. The price is now at the 15.25% retracement level.
Medium-term trend: [See JNK medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 92.47 and reached 97.90 on September 19, 2024. JNK gained -5.43 points, or -5.87%, in 22 weeks. The price is now at the 28.36% retracement 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. The distance between MACD and the signal line is low, but getting bigger. 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 September 19, 2024 at 97.90 and reached 95.71 on November 1, 2024. JNK lost 2.19 points, or 2.24%, in 43 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See JNK daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 6, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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