JDE Peet's N.V. Stock Forecast

JDE Peet's N.V. stock price ended at 20.56€ on Tuesday, after losing 1.81%.
(Updated on May 14, 2024)

JDEP.AS Signals & Forecast

The JDE Peet's N.V. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 20.66€. On a fall, the stock will find some support from the long-term average at approximately 19.97€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 8.38%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for JDE Peet's N.V. stock

JDE Peet's N.V. finds support from accumulated volume at 20.54€ 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 0.460€ (2.25%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: 19.71€ (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (JDEP.AS) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect JDE Peet's N.V. to open at 20.63€, and during the day (based on 14 day Average True Range), to move between 20.20€ and 20.92€, which gives a possible trading interval of +/-0.356€ (+/-1.73%) up or down from last closing price. If JDE Peet's N.V. takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 20.54€ (0.10%) than the resistance at 20.72€ (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is JDE Peet's N.V. stock A Buy?

JDE Peet's N.V. 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.

Current score: -0.156 Hold/Accumulate Unchanged

Predicted Opening Price for JDE Peet's N.V. of Wednesday, May 15, 2024

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