Jenoptik AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Jenoptik AG stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Jenoptik AG stock price fell by -2.28% on the last day (Tuesday, 25th Jun 2024) from 27.16€ to 26.54€. During the last trading day the stock fluctuated 1.74% from a day low at 26.42€ to a day high of 26.88€. The price has been going up and down for this period, and there has been a -7.98% loss for the last 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 -16 thousand shares and in total, 49 thousand shares were bought and sold for approximately 1.31€ million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.90% during the next 3 months and, with a 90% probability hold a price between 26.45€ and 31.21€ at the end of this 3-month period.
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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
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 26.61€ ( 0.276%) | 26.54€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.07 | 2.01% |
| R2 | 26.90 | 1.35% |
| R1 | 26.79 | 0.94% |
| Price | 26.54 | |
| S1 | 26.44 | -0.386% |
| S2 | 26.33 | -0.795% |
| S3 | 26.15 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.10 | 9.65% |
| R2 | 27.70 | 4.37% |
| R1 | 27.48 | 3.54% |
| Price | 26.54 | |
| S1 | 26.32 | -0.83% |
| S2 | 25.40 | -4.30% |
| S3 | 24.44 | -7.91% |
JEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 21, 2024 | 0.350€ | 0% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.300€ | 0% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | 0.250€ | 0% |
| 4 | Jun 10, 2021 | Jun 10, 2021 | Jun 10, 2021 | 0.250€ | 0% |
| 5 | Mar 24, 2020 | Aug 10, 2020 | Aug 12, 2020 | 0.130€ | 0% |
FAQ
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