Jfrog Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Jfrog Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Jfrog Ltd. stock price gained 0.428% on the last trading day (Friday, 3rd May 2024), rising from $39.72 to $39.89. During the last trading day the stock fluctuated 3.18% from a day low at $39.78 to a day high of $41.04. The price has risen in 7 of the last 10 days and is up by 7.4% 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, 145 thousand more shares were traded than the day before. In total, 538 thousand shares were bought and sold for approximately $21.48 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jfrog Ltd. stock with a 90% probability to be traded between $36.44 and $46.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FROG Signals & Forecast
There are mixed signals in the stock today. The Jfrog Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $40.34 and $41.30. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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
Jfrog Ltd. finds support from accumulated volume at $37.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.27 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.74%.
Our recommended stop-loss: $38.19 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FROG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jfrog Ltd. to open at $40.24, and during the day (based on 14 day Average True Range), to move between $38.26 and $41.52, which gives a possible trading interval of +/-$1.63 (+/-4.10%) up or down from last closing price. If Jfrog Ltd. takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.91 (4.96%) than the resistance at $42.50 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Jfrog Ltd. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.140. We will update the financials statements for Jfrog Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.52% in the first trading day after earnings release.
Is Jfrog Ltd. stock A Buy?
Jfrog Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.467 Hold/Accumulate Upgraded
Predicted Opening Price for Jfrog Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $40.24 ( 0.86%) | $39.89 |
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 | 41.50 | 4.04 % | |
| R2 | 41.02 | 2.82 % | ||
| R1 | 40.72 | 2.08 % | ||
| Current price: | 39.89 | |||
| Support | S1 | 39.75 | -0.347 % | |
| S2 | 39.45 | -1.09 % | ||
| S3 | 38.97 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.64 | 19.43 % | |
| R2 | 43.80 | 9.80 % | ||
| R1 | 42.50 | 6.54 % | ||
| Current price | 39.89 | |||
| Support | S1 | 37.91 | -4.96% | |
| S2 | 37.33 | -6.42% | ||
| S3 | 35.75 | -10.38% |
FAQ
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