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Archive
- 11/22/2024 -
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J.M. Smucker Co. (SJM) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the J.M. Smucker Co. (SJM). During the week, the SJM gained 6.70 points, or 6.27%, and closed at 113.50 on Friday, November 22, 2024. Weekly volume was -18% below average.
SJM is a member of Consumer Staples Sector. Consumer Staples is the second most oversold 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 uptrend had started on June 26, 2024 at 105.69 and reached 124.31 on August 5, 2024. SJM gained -18.62 points, or -17.62%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (122.42) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See SJM medium-term trend chart]
A medium-term downtrend had started on August 5, 2024 at 124.31 and reached 106.20 on November 15, 2024. SJM lost 18.11 points, or 14.57%, in 14 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See SJM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See SJM short-term trend chart]
A short-term uptrend had started on November 15, 2024 at 106.20 and reached 114.50 on November 22, 2024. SJM gained -8.30 points, or -7.82%, in 7 days. The price is now at the 12.05% retracement level.
Daily Technical Indicators: [See SJM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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