Janover Inc. Stock Forecast
Janover Inc. stock price down 0% on Wednesday
(Updated on May 08, 2024)
No changes to the price of Janover Inc. stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 8.82% from a day low at $1.11 to a day high of $1.21. The price has fallen in 5 of the last 10 days but is still up by 7.48% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.88% during the next 3 months and, with a 90% probability hold a price between $0.81 and $1.05 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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JNVR Signals & Forecast
The Janover Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.07 and $1.15. 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). 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 Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Janover Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.08 and $1.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Janover Inc. finds support just below today's level at $1.08. If this is broken, then the next support from accumulated volume will be at $1.05 and $1.04.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0979 between high and low, or 8.82%. For the last week the stock has had daily average volatility of 11.58%.
Our recommended stop-loss: $1.11 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (JNVR) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Janover Inc. to open at $1.16, and during the day (based on 14 day Average True Range), to move between $1.05 and $1.25, which gives a possible trading interval of +/-$0.100 (+/-8.71%) up or down from last closing price. If Janover Inc. takes out the full calculated possible swing range there will be an estimated 17.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.20 (4.35%) than the support at $1.08 (6.52%), 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 Janover Inc. stock A Buy?
Janover Inc. 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.
Current score: -0.499 Hold/Accumulate Unchanged
Predicted Opening Price for Janover Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $1.16 ( 0.519%) | $1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JNVR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.25 | 9.03 % | |
| R2 | 1.22 | 5.78 % | ||
| R1 | 1.19 | 3.77 % | ||
| Current price: | 1.15 | |||
| Support | S1 | 1.12 | -2.73 % | |
| S2 | 1.10 | -4.74 % | ||
| S3 | 1.06 | -7.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 24.35 % | |
| R2 | 1.25 | 8.70 % | ||
| R1 | 1.20 | 4.35 % | ||
| Current price | 1.15 | |||
| Support | S1 | 1.08 | -6.52% | |
| S2 | 1.05 | -8.70% | ||
| S3 | 1.04 | -9.57% |
FAQ
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