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
Jenoptik AG stock price down 1.93% on Friday
(Updated on Jun 14, 2024)
The Jenoptik AG stock price fell by -1.93% on the last day (Friday, 14th Jun 2024) from 28.02€ to 27.48€. During the last trading day the stock fluctuated 3.99% from a day low at 27.06€ to a day high of 28.14€. The price has fallen in 6 of the last 10 days but is still up by 0.37% over the past 2 weeks. Volume has increased on the last day by 47 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 120 thousand shares were bought and sold for approximately 3.29€ million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jenoptik AG stock with a 90% probability to be traded between 24.43€ and 29.65€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 27.56€ ( 0.291%) | 27.48€ |
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 | 28.64 | 4.22% |
| R2 | 28.23 | 2.72% |
| R1 | 27.97 | 1.79% |
| Price | 27.48 | |
| S1 | 27.15 | -1.21% |
| S2 | 26.89 | -2.14% |
| S3 | 26.48 | -3.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.10 | 5.90% |
| R2 | 28.80 | 4.80% |
| R1 | 27.70 | 0.80% |
| Price | 27.48 | |
| S1 | 25.40 | -7.57% |
| S2 | 25.12 | -8.59% |
| S3 | 24.44 | -11.06% |
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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