JANUS SMALL/MID CAP GROWTH ALPHA JANUS ETF Forecast

Evaluation of JANUS SMALL/MID CAP GROWTH ALPHA JANUS ETF downgraded after the last trading session.
(Updated on May 02, 2024)

JSMD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.44%. Further rise is indicated until a new top pivot has been found. 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. The JANUS SMALL/MID CAP GROWTH ALPHA JANUS ETF 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 $66.43 and $67.44. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for JANUS SMALL/MID CAP GROWTH ALPHA JANUS ETF

JANUS SMALL/MID CAP GROWTH ALPHA JANUS finds support from accumulated volume at $66.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $1.21 between high and low, or 1.85%. For the last week the ETF has had daily average volatility of 1.32%

Our recommended stop-loss: $63.06 (-4.98%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (JSMD) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect JANUS SMALL/MID CAP GROWTH ALPHA ETF JANUS SMALL/MID CAP GROWTH ALPHA ETF to open at $66.12, and during the day (based on 14 day Average True Range), to move between $65.42 and $67.32, which gives a possible trading interval of +/-$0.95 (+/-1.42%) up or down from last closing price. If JANUS SMALL/MID CAP GROWTH ALPHA ETF JANUS SMALL/MID CAP GROWTH ALPHA ETF takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $66.61 (0.36%) than the support at $66.04 (0.50%), 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 JANUS SMALL/MID CAP GROWTH ALPHA ETF JANUS SMALL/MID CAP GROWTH ALPHA ETF ETF A Buy?

JANUS SMALL/MID CAP GROWTH ALPHA JANUS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.409 Hold/Accumulate Downgraded

Predicted Opening Price for JANUS SMALL/MID CAP GROWTH ALPHA ETF JANUS SMALL/MID CAP GROWTH ALPHA ETF of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.