Jaguar Health, Inc. Stock Forecast
High volatility in Jaguar Health, Inc. stock price on Thursday which ended trading at $0.170
(Updated on Apr 25, 2024)
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.182 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 39.85% during the next 3 months and, with a 90% probability hold a price between $0.121 and $0.255 at the end of this 3-month period.
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JAGX Signals & Forecast
The Jaguar Health, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.170 and $0.101. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -5.50%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jaguar Health, Inc. stock
Jaguar Health, Inc. finds support from accumulated volume at $0.168 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0221 between high and low, or 14.14%. For the last week, the stock has had daily average volatility of 16.62%.
Our recommended stop-loss: $0.162 (-4.99%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (JAGX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Jaguar Health, Inc. to open at $0.168, and during the day (based on 14 day Average True Range), to move between $0.140 and $0.200, which gives a possible trading interval of +/-$0.0302 (+/-17.79%) up or down from last closing price. If Jaguar Health, Inc. takes out the full calculated possible swing range there will be an estimated 35.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.168 (1.18%) than the resistance at $0.177 (4.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jaguar Health, Inc. stock A Buy?
Jaguar Health, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.210 Hold/Accumulate Downgraded
Predicted Opening Price for Jaguar Health, Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.168 ( 1.04%) | $0.170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAGX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.190 | 11.96 % | |
R2 | 0.182 | 6.99 % | ||
R1 | 0.177 | 3.93 % | ||
Current price: | 0.170 | |||
Support | S1 | 0.160 | -6.01 % | |
S2 | 0.155 | -9.07 % | ||
S3 | 0.146 | -14.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.180 | 5.82 % | |
R2 | 0.178 | 4.88 % | ||
R1 | 0.177 | 4.18 % | ||
Current price | 0.170 | |||
Support | S1 | 0.168 | -1.18% | |
S2 | 0.165 | -3.00% | ||
S3 | 0.143 | -15.88% |
FAQ
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