Janus Henderson Group Plc Stock Forecast
Janus Henderson Group Plc stock upgraded from Hold/Accumulate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Janus Henderson Group Plc stock price gained 2.65% on the last trading day (Tuesday, 2nd Jul 2024), rising from $33.55 to $34.44. During the last trading day the stock fluctuated 2.20% from a day low at $33.70 to a day high of $34.44. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 182 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $41.42 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 6.93% during the next 3 months and, with a 90% probability hold a price between $34.63 and $38.49 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JHG Signals & Forecast
The Janus Henderson Group Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.85 and $33.55. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical 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 Wednesday, May 15, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Janus Henderson Group Plc stock
Janus Henderson Group Plc finds support from accumulated volume at $34.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.740 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $33.02 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (JHG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Janus Henderson Group Plc to open at $34.19, and during the day (based on 14 day Average True Range), to move between $33.87 and $35.01, which gives a possible trading interval of +/-$0.570 (+/-1.66%) up or down from last closing price. If Janus Henderson Group Plc takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.37 (0.20%) than the resistance at $34.79 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Janus Henderson Group Plc stock A Buy?
Janus Henderson Group Plc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.191 Strong Buy Candidate Upgraded
Predicted Opening Price for Janus Henderson Group Plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $34.19 ( 0.716%) | $34.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.93 | 1.43% |
| R2 | 34.65 | 0.612% |
| R1 | 34.48 | 0.105% |
| Price | 34.44 | |
| S1 | 33.91 | -1.54% |
| S2 | 33.74 | -2.04% |
| S3 | 33.45 | -2.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 34.79 | 1.02% |
| Price | 34.44 | |
| S1 | 34.37 | -0.203% |
| S2 | 33.79 | -1.89% |
| S3 | 33.03 | -4.09% |
JHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 10, 2024 | May 29, 2024 | $0.390 | 1.18% |
| 2 | Jan 31, 2024 | Feb 09, 2024 | Feb 28, 2024 | $0.390 | 1.26% |
| 3 | Oct 31, 2023 | Nov 10, 2023 | Nov 30, 2023 | $0.390 | 1.49% |
| 4 | Aug 01, 2023 | Aug 11, 2023 | Aug 30, 2023 | $0.390 | 1.43% |
| 5 | May 02, 2023 | May 12, 2023 | May 31, 2023 | $0.390 | 1.48% |
FAQ
Click here for our free guide on how to buy Janus Henderson Group Plc Stock.
