Juniper Networks Stock Forecast
Green day on Monday for Juniper Networks stock after gaining 0.139%
(Updated on Apr 22, 2024)
The Juniper Networks stock price gained 0.139% on the last trading day (Monday, 22nd Apr 2024), rising from $36.06 to $36.11. During the last trading day the stock fluctuated 0.750% from a day low at $36.01 to a day high of $36.28. The price has fallen in 7 of the last 10 days and is down by -2.75% for this period. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately $60.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $36.01 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Juniper Networks stock with a 90% probability to be traded between $35.51 and $36.62 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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JNPR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.139%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Juniper Networks 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 $36.34 and $36.88. 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).
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 4.81% to $37.85 within 24 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for Juniper Networks stock
Juniper Networks finds support from accumulated volume at $36.06 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 $0.270 between high and low, or 0.750%. For the last week the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JNPR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Juniper Networks to open at $36.13, and during the day (based on 14 day Average True Range), to move between $35.85 and $36.37, which gives a possible trading interval of +/-$0.262 (+/-0.72%) up or down from last closing price. If Juniper Networks takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.06 (0.14%) than the resistance at $37.03 (2.55%), 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
Juniper Networks will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.390. We will update the financials statements for Juniper Networks, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.52% in the first trading day after earnings release.
Is Juniper Networks stock A Buy?
Juniper Networks holds several negative signals and is within a narrow 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: -3.025 Sell Candidate Unchanged
Predicted Opening Price for Juniper Networks of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $36.13 ( 0.0646%) | $36.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JNPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.40 | 0.81 % | |
| R2 | 36.30 | 0.527 % | ||
| R1 | 36.24 | 0.350 % | ||
| Current price: | 36.11 | |||
| Support | S1 | 36.03 | -0.221 % | |
| S2 | 35.97 | -0.397 % | ||
| S3 | 35.86 | -0.683 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.18 | 2.96 % | |
| R2 | 37.05 | 2.60 % | ||
| R1 | 37.03 | 2.55 % | ||
| Current price | 36.11 | |||
| Support | S1 | 36.06 | -0.138% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
JNPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.220 | 0.594% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.220 | 0.747% |
| 3 | Jul 27, 2023 | Aug 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
| 4 | Apr 25, 2023 | May 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
| 5 | Feb 01, 2023 | Feb 28, 2023 | Mar 22, 2023 | $0.220 | 0.700% |
FAQ
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