JOUT Johnson Outdoors Chart, History Price & Graph

Key Takeaways

• JOUT is in a short-term rising trend but showing signs of weakness with recent sharp declines.
• The stock trades near the upper end of its 52-week range (25.53 - 53.54), above key long-term moving averages but below short-term ones amid pullback.
• Moving averages present mixed signals: short-term sell, long-term buy, with price below MA20 (50.34), MA50 (51.39), and others.
• Momentum indicators bearish: RSI(14) at 32.388 (sell), MACD(12,26) at -1.69 (sell), Stochastic oversold at 14.979.
• Key support at accumulated volume zones around 51.17 and 50.15; resistance near 52.34 and recent highs.
• Recent volume spikes on down days signal caution, with high volatility (ATR 1.85).

Trend Analysis

The chart of Johnson Outdoors Inc. (JOUT) reveals a medium-term rising trend channel, where investors have consistently bought at higher prices, supporting positive development. However, short-term weakness has emerged, with the stock in a wide and weak rising trend. Price has pulled back sharply, down over 12% in the last day and month, from recent highs near 53.54. This follows a pivot top formation, issuing a sell signal, with further downside possible until a new bottom pivot forms. Despite the pullback, the overall structure remains bullish in the longer term as long as key supports hold.

Support and Resistance Levels

Pivot points highlight immediate levels: support at S1 45.31, S2 44.32, S3 43.65; resistance at R1 46.98, R2 47.66, R3 48.65, with pivot at 45.99. Accumulated volume provides support near 51.17, where buying interest may emerge, and long-term MA support at 50.15. Short-term resistance sits at 52.34 (short-term MA), with breakdowns below these issuing further sell signals. The 52-week high at 53.54 acts as major overhead resistance, while the low at 25.53 marks distant support. Traders eye these zones for potential bounces or breakdowns.

Moving Averages

Moving averages indicate mixed but predominantly bearish short-term pressure. Simple MA5 at 45.50 (buy), but MA10 48.10 (sell), MA20 50.34 (sell), MA50 51.39 (sell), MA100 51.90 (sell), MA200 50.95 (sell). Exponential MAs align similarly bearish. Short-term MA resistance at 52.34 contrasts with long-term buy signals, as short-term average remains above long-term. Price below most MAs confirms corrective pullback within the rising trend, with potential support from 200-day area.

Momentum Indicators

Momentum has turned bearish, with RSI(14) at 32.388 signaling sell and approaching oversold. Stochastic %K (9,6) at 14.979 indicates oversold conditions, potentially setting up for short-term relief. MACD(12,26) at -1.69 confirms sell, alongside negative Williams %R (-79.713), CCI(-83.98), and ROC(-12.63). ADX(14) at 36.50 suggests strong trend (buy), but direction favors bears currently. Overall oscillators lean sell, reflecting downside momentum.

Volume and Market Activity

Volume has spiked on recent down days, rising to 118k shares amid price declines, creating bearish divergence and early risk warning. Compared to average 77k, activity elevated during selloff, indicating distribution. No capitulation yet, but falling volume on prior up days preceded weakness. Beta at 0.88 and volatility 15.83% underscore moderate risk, with ATR(14) 1.85 signaling high short-term swings.

AI Daily Buy/Sell Signals

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Technical Outlook and Key Levels to Watch

Traders monitor support clusters at 51.17, 50.15, and pivot S1 45.31 for potential bounces, with breakdowns targeting lower pivots. Resistance at 52.34 and R1 46.98 could cap rallies, while reclaiming 53.54 signals trend resumption. Watch RSI for oversold relief, MACD for crossover, and volume for confirmation. A hold above long-term MAs keeps bullish bias; breach risks deeper correction. Key levels and indicator shifts will dictate next moves.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.