Jenoptik AG Stock Forecast

Evaluation of Jenoptik AG stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

JEN.F Signals & Forecast

There are few to no technical positive signals at the moment. The Jenoptik AG 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 27.05€ and 27.80€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -9.91%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Jenoptik AG stock

Jenoptik AG finds support from accumulated volume at 26.32€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.460€ between high and low, or 1.74%. For the last week the stock has had daily average volatility of 2.51%.

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

Trading Expectations (JEN.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Jenoptik AG to open at 26.61€, and during the day (based on 14 day Average True Range), to move between 25.73€ and 27.35€, which gives a possible trading interval of +/-0.81€ (+/-3.04%) up or down from last closing price. If Jenoptik AG takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 26.32€ (0.83%) than the resistance at 27.48€ (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jenoptik AG stock A Buy?

The Jenoptik AG stock holds several negative signals and despite the positive trend, we believe Jenoptik AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.523 Strong Sell Candidate Downgraded

Predicted Opening Price for Jenoptik AG of Wednesday, June 26, 2024

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