Juniper Networks 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
Red day on Wednesday for Juniper Networks
(Updated on Apr 24, 2024)
The Juniper Networks stock price fell by -1.45% on the last day (Wednesday, 24th Apr 2024) from $35.88 to $35.36. During the last trading day the stock fluctuated 2.36% from a day low at $35.21 to a day high of $36.04. The price has fallen in 8 of the last 10 days and is down by -4.35% for this period. Volume has increased on the last day by 2 million 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, 5 million shares were bought and sold for approximately $183.87 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $35.91 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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JNPR Signals & Forecast
There are few to no technical positive signals at the moment. 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 $36.07 and $36.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.15%. 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 Juniper Networks stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.83 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 1.27%.
Juniper Networks is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Juniper Networks to open at $35.54, and during the day (based on 14 day Average True Range), to move between $35.05 and $35.67, which gives a possible trading interval of +/-$0.308 (+/-0.87%) up or down from last closing price. If Juniper Networks takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $37.03, some $1.67 (4.72%) from the current price of $35.36, our system finds the risk reward not very attractive.
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: -4.988 Sell Candidate Unchanged
Predicted Opening Price for Juniper Networks of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$35.54 ( 0.500%) | $35.36 |
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 | 36.37 | 2.85 % | |
R2 | 36.05 | 1.95 % | ||
R1 | 35.85 | 1.40 % | ||
Current price: | 35.36 | |||
Support | S1 | 35.22 | -0.397 % | |
S2 | 35.02 | -0.95 % | ||
S3 | 34.71 | -1.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.18 | 5.15 % | |
R2 | 37.05 | 4.78 % | ||
R1 | 37.03 | 4.72 % | ||
Current price | 35.36 | |||
Support | S1 | 0 | . | |
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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