Jfrog Ltd. Stock Forecast
Jfrog Ltd. stock price ended at $40.47 on Thursday, after gaining 1.61%.
(Updated on Apr 25, 2024)
The Jfrog Ltd. stock price gained 1.61% on the last trading day (Thursday, 25th Apr 2024), rising from $39.83 to $40.47. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.77% from a day low at $38.46 to a day high of $40.68. The price has risen in 6 of the last 10 days and is up by 0.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 988 thousand shares were bought and sold for approximately $39.99 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.60% during the next 3 months and, with a 90% probability hold a price between $39.48 and $55.12 at the end of this 3-month period.
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FROG Signals & Forecast
There are mixed signals in the stock today. The Jfrog Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.67. On a fall, the stock will find some support from the short-term average at $38.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -15.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Jfrog Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $37.91 and $37.33. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jfrog Ltd. finds support just below today's level at $37.91. If this is broken, then the next support from accumulated volume will be at $37.33 and $35.75.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.22 between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FROG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Jfrog Ltd. to open at $39.87, and during the day (based on 14 day Average True Range), to move between $38.81 and $42.13, which gives a possible trading interval of +/-$1.66 (+/-4.09%) up or down from last closing price. If Jfrog Ltd. takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.50 (5.02%) than the support at $37.91 (6.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jfrog Ltd. stock A Buy?
Jfrog Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.201 Sell Candidate Unchanged
Predicted Opening Price for Jfrog Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $39.87 ( 1.48%) | $40.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FROG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 4.00 % | |
| R2 | 41.24 | 1.91 % | ||
| R1 | 40.72 | 0.613 % | ||
| Current price: | 40.47 | |||
| Support | S1 | 39.02 | -3.58 % | |
| S2 | 38.50 | -4.87 % | ||
| S3 | 37.65 | -6.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.64 | 17.72 % | |
| R2 | 43.80 | 8.23 % | ||
| R1 | 42.50 | 5.02 % | ||
| Current price | 40.47 | |||
| Support | S1 | 37.91 | -6.33% | |
| S2 | 37.33 | -7.76% | ||
| S3 | 35.75 | -11.66% |
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