Janus Henderson Group Plc Stock Forecast
Red day on Wednesday for Janus Henderson Group Plc
(Updated on May 01, 2024)
The Janus Henderson Group Plc stock price fell by -0.192% on the last day (Wednesday, 1st May 2024) from $31.22 to $31.16. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.21% from a day low at $30.83 to a day high of $31.51. The price has fallen in 6 of the last 10 days but is still up by 1.37% over the past 2 weeks. Volume has increased on the last day by 391 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, 1 million shares were bought and sold for approximately $42.88 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.64 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.67% during the next 3 months and, with a 90% probability hold a price between $31.77 and $34.71 at the end of this 3-month period.
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JHG Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.26%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Janus Henderson Group Plc 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 $31.47 and $31.79. A break-up above any of these levels will issue buy signals. 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 Janus Henderson Group Plc stock
Janus Henderson Group Plc finds support from accumulated volume at $30.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.680 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $29.69 (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (JHG) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Janus Henderson Group Plc to open at $31.17, and during the day (based on 14 day Average True Range), to move between $30.53 and $31.79, which gives a possible trading interval of +/-$0.632 (+/-2.03%) 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 4.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $30.97 (0.61%) than the resistance at $31.84 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Janus Henderson Group Plc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.630. We will update the financials statements for Janus Henderson Group Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.43% in the first trading day after earnings release.
Is Janus Henderson Group Plc stock A Buy?
Janus Henderson Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.560 Hold/Accumulate Unchanged
Predicted Opening Price for Janus Henderson Group Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $31.17 ( 0.0214%) | $31.16 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 31.85 | 2.20 % | |
| R2 | 31.59 | 1.37 % | ||
| R1 | 31.43 | 0.86 % | ||
| Current price: | 31.16 | |||
| Support | S1 | 30.91 | -0.81 % | |
| S2 | 30.75 | -1.33 % | ||
| S3 | 30.49 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.89 | 5.55 % | |
| R2 | 32.09 | 2.98 % | ||
| R1 | 31.84 | 2.18 % | ||
| Current price | 31.16 | |||
| Support | S1 | 30.97 | -0.610% | |
| S2 | 30.84 | -1.03% | ||
| S3 | 30.47 | -2.21% |
JHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Feb 09, 2024 | Feb 28, 2024 | $0.390 | 1.26% |
| 2 | Oct 31, 2023 | Nov 10, 2023 | Nov 30, 2023 | $0.390 | 1.49% |
| 3 | Aug 01, 2023 | Aug 11, 2023 | Aug 30, 2023 | $0.390 | 1.43% |
| 4 | May 02, 2023 | May 12, 2023 | May 31, 2023 | $0.390 | 1.48% |
| 5 | Feb 01, 2023 | Feb 10, 2023 | Feb 28, 2023 | $0.390 | 1.42% |
FAQ
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