Jenoptik AG Stock Forecast

Jenoptik AG stock price down 1.93% on Friday
(Updated on Jun 14, 2024)

JEN.F Signals & Forecast

The Jenoptik AG 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 28.74€. On a fall, the stock will find some support from the long-term average at approximately 27.44€. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -6.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Jenoptik AG stock

On the downside, the stock finds support just below today's level from accumulated volume at 25.40€ and 25.12€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jenoptik AG finds support just below today's level at 25.40€. If this is broken, then the next support from accumulated volume will be at 25.12€ and 24.44€.

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 1.08€ (3.99%) between high and low. For the last week, the stock has had daily average volatility of 3.53%.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect Jenoptik AG to open at 27.56€, and during the day (based on 14 day Average True Range), to move between 26.65€ and 28.31€, which gives a possible trading interval of +/-0.83€ (+/-3.02%) up or down from last closing price. If Jenoptik AG takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 27.70€ (0.80%) than the support at 25.40€ (7.57%), 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 Jenoptik AG stock A Buy?

Jenoptik AG 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: -1.280 Sell Candidate Unchanged

Predicted Opening Price for Jenoptik AG of Monday, June 17, 2024

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