RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JAZZ
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Jazz Pharmaceuticals plc stock price ended at $120.42 on Thursday, after losing 0.0747%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -1.14% PDF

The Jazz Pharmaceuticals plc stock price fell by -0.0747% on the last day (Thursday, 28th Mar 2024) from $120.51 to $120.42. During the last trading day the stock fluctuated 1.24% from a day low at $120.04 to a day high of $121.53. The price has fallen in 6 of the last 10 days but is still up by 1.79% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -83 thousand shares and in total, 378 thousand shares were bought and sold for approximately $45.48 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jazz Pharmaceuticals plc stock with a 90% probability to be traded between $113.80 and $130.20 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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JAZZ Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jazz Pharmaceuticals plc 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 $121.48 and $122.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -3.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Jazz Pharmaceuticals plc stock

Jazz Pharmaceuticals plc finds support from accumulated volume at $118.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.49 (1.24%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JAZZ) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Jazz Pharmaceuticals plc to open at $120.66, and during the day (based on 14 day Average True Range), to move between $117.43 and $123.41, which gives a possible trading interval of +/-$2.99 (+/-2.49%) up or down from last closing price. If Jazz Pharmaceuticals plc takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $120.90 (0.40%) than the support at $118.90 (1.26%), 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 Jazz Pharmaceuticals plc stock A Buy?

Jazz Pharmaceuticals plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.028 Sell Candidate Unchanged

Predicted Opening Price for Jazz Pharmaceuticals plc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$120.66 ( 0.200%) $120.42

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JAZZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 122.15 1.43 %
R2 121.58 0.96 %
R1 121.23 0.672 %
Current price: 120.42
Support S1 120.09 -0.271 %
S2 119.74 -0.563 %
S3 119.17 -1.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 127.39 5.79 %
R2 123.14 2.26 %
R1 120.90 0.399 %
Current price 120.42
Support S1 118.90 -1.26%
S2 117.93 -2.07%
S3 117.53 -2.40%

FAQ

What is the symbol for Jazz Pharmaceuticals plc Stock and on which exchange is it traded?
The symbol for Jazz Pharmaceuticals plc is JAZZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Jazz Pharmaceuticals plc Stock?
Jazz Pharmaceuticals plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Jazz Pharmaceuticals plc Stock?
Jazz Pharmaceuticals plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Jazz Pharmaceuticals plc Stock.

What's the current price of Jazz Pharmaceuticals plc Stock?
As of the end of day on the 2024-03-28, the price of an Jazz Pharmaceuticals plc (JAZZ) share was $120.42.

What is the 52-week high and low for Jazz Pharmaceuticals plc Stock?
The 52-week high for Jazz Pharmaceuticals plc Stock is $147.98 and the 52-week low is $111.25.

What is the market capitalization of Jazz Pharmaceuticals plc Stock?
As of the 2024-03-28, the market capitalization of Jazz Pharmaceuticals plc is 7.508B.

When is the next earnings date for Jazz Pharmaceuticals plc?
The upcoming earnings date for Jazz Pharmaceuticals plc is May 08, 2024.
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About Jazz Pharmaceuticals plc

Jazz Pharmaceuticals plc Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops, and commercializes pharmaceutical products for various unmet medical needs in the United States, Europe, and internationally. The company has a portfolio of products and product candidates with a focus in the areas of neuroscience, including sleep medicine and movement disorders; and in oncology, including hematologic and solid tumors. Its lead marketed products include ... JAZZ Profile

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