Juniper Networks Stock Forecast
Weaker technical forecast for Juniper Networks as stock downgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Juniper Networks stock price fell by -0.490% on the last day (Tuesday, 2nd Jul 2024) from $36.75 to $36.57. During the last trading day the stock fluctuated 0.96% from a day low at $36.52 to a day high of $36.87. The price has risen in 6 of the last 10 days and is up by 3.01% over the past 2 weeks. Volume has increased on the last day by 103 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 $47.47 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $36.74 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.10% during the next 3 months and, with a 90% probability hold a price between $33.40 and $35.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JNPR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.490%. 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. The Juniper Networks 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 $36.07 and $35.29. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Juniper Networks stock
Juniper Networks finds support from accumulated volume at $35.67 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 $0.350 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: $35.63 (-2.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (JNPR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Juniper Networks to open at $36.65, and during the day (based on 14 day Average True Range), to move between $36.22 and $36.92, which gives a possible trading interval of +/-$0.346 (+/-0.95%) up or down from last closing price. If Juniper Networks takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.93 (0.98%) than the support at $35.67 (2.46%), 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 Juniper Networks stock A Buy?
Juniper Networks holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.119 Hold/Accumulate Downgraded
Predicted Opening Price for Juniper Networks of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $36.65 ( 0.228%) | $36.57 |
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 | |
|---|---|---|
| R3 | 37.00 | 1.18% |
| R2 | 36.87 | 0.82% |
| R1 | 36.79 | 0.593% |
| Price | 36.57 | |
| S1 | 36.52 | -0.138% |
| S2 | 36.44 | -0.364% |
| S3 | 36.30 | -0.729% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.13 | 1.53% |
| R2 | 36.97 | 1.09% |
| R1 | 36.93 | 0.98% |
| Price | 36.57 | |
| S1 | 35.67 | -2.46% |
| S2 | 35.36 | -3.31% |
| S3 | 34.71 | -5.09% |
JNPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 03, 2024 | Jun 24, 2024 | $0.220 | 0.619% |
| 2 | Jan 30, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.220 | 0.594% |
| 3 | Oct 26, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.220 | 0.747% |
| 4 | Jul 27, 2023 | Aug 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
| 5 | Apr 25, 2023 | May 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
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