Jazz Pharmaceuticals plc stock price up 1.88% on Tuesday
(Updated on Dec 07, 2021)
Sell candidate since 2021-11-26 Loss -0.24% PDF
The Jazz Pharmaceuticals plc stock price gained 1.88% on the last trading day (Tuesday, 7th Dec 2021), rising from $121.51 to $123.79. , and has now gained 3 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 day the stock fluctuated 2.58% from a day low at $122.05 to a day high of $125.20. The price has been going up and down for this period, and there has been a -4.35% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 517 thousand shares were bought and sold for approximately $64.00 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $119.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.85% during the next 3 months and, with a 90% probability hold a price between $113.51 and $135.00 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 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 $132.74. On a fall, the stock will find some support from the short-term average at $121.67. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Jazz Pharmaceuticals plc finds support from accumulated volume at $122.41 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 $3.15 between high and low, or 2.58%. For the last week, the stock has had a daily average volatility of 3.13%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Jazz Pharmaceuticals plc stock A Buy?
Jazz Pharmaceuticals plc 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: -1.917
Predicted Opening Price for Jazz Pharmaceuticals plc of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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On Oct 08, 2021 "Morgan Stanley" gave "$176.00 - $174.00" rating for JAZZ. The price target was set to $138.48+1.1%.
JAZZ Insider Trading
|Dec 02, 2021||Sell||417||Smith Mark Douglas||Ordinary Shares|
|Dec 02, 2021||Sell||417||Cook Jennifer E.||Ordinary Shares|
|Dec 01, 2021||Sell||9 700||Cozadd Bruce C||Non-Qualified Stock Option (right to buy)|
|Dec 01, 2021||Sell||2 758||Cozadd Bruce C||Ordinary Shares|
|Dec 01, 2021||Sell||3 990||Cozadd Bruce C||Ordinary Shares|
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