As of today, JNUG has only been in existence for a little over 8 months so longer term analysis isn't available yet. What I'm showing here is a 6-month daily candlestick graph with a few points of interest.
So what is the chart telling us? I'll begin by pointing out the strengths I'm seeing. First, JNUG has powered off its late May lows on strong volume (blue arrows) while correcting on diminished volume. Second, it has been consolidating its recent gains well above its 50 day moving average (dma) which demonstrates strength.
On the flip side, the short-term MACD is flashing signs of weakness which is shown in the blue circle. Its overall down-slope portends continued future weakness - at least in the short term. Next, the dashed blue line, which acted as support earlier in the year, appears to be acting now as resistance. You will see that over the past month, particularly in the past week, this level has been a formidable opponent.
With competing bullish and bearish forces at play, I don't have a good feel for where this is going in the immediate future. If JNUG can break up and over that dashed line, then there's a good chance it will run to $40. However, if the MACD is to be trusted, then short-term weakness is to be expected. At this point, I'm going to wait for JNUG to make a more definitive move one way or the other before offering a stronger opinion.