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Uptrend ExhaustionArchive
- 6/27/2025 -
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SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). During the week, the JNK climbed 0.71 points, or 0.74%, and closed at 96.94 on Friday, June 27, 2025. JNK was trading at average weekly trading volume.
 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 90.77 and resistance is at 99.06. 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 uptrend had started on April 9, 2025 at 90.41 and reached 97.08 on June 27, 2025. JNK gained -6.67 points, or -7.38%, in 11 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See JNK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.
The weekly MACD line is above its signal line since May 23, 2025. This is an indication that the medium-term trend is up. 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 May 23, 2025 at 94.86 and reached 97.08 on June 27, 2025. JNK gained -2.22 points, or -2.34%, in 35 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (96.19) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
Daily Technical Indicators: [See JNK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (96.49) comes close to the price (96.94). It indicates that the trend is getting weaker. 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 touches the upper Bollinger Band. 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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