Jungheinrich Aktiengesellschaft Stock Forecast
Jungheinrich Aktiengesellschaft stock price down 0.621% on Tuesday
(Updated on May 21, 2024)
The Jungheinrich Aktiengesellschaft stock price fell by -0.621% on the last day (Tuesday, 21st May 2024) from 35.42€ to 35.20€. During the last trading day the stock fluctuated 6.94% from a day low at 35.14€ to a day high of 37.58€. The price has been going up and down for this period, and there has been a 1.85% gain for the last 2 weeks. Volume has increased on the last day by 66 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, 97 thousand shares were bought and sold for approximately 3.40€ million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 34.81€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.26% during the next 3 months and, with a 90% probability hold a price between 41.17€ and 49.74€ at the end of this 3-month period.
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JUN3.DE Signals & Forecast
There are mixed signals in the stock today. The Jungheinrich Aktiengesellschaft stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 36.07€. On a fall, the stock will find some support from the short-term average at 35.13€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -9.56%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jungheinrich Aktiengesellschaft stock
Jungheinrich Aktiengesellschaft finds support from accumulated volume at 34.56€ 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 2.44€ between high and low, or 6.94%. For the last week the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JUN3.DE) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Jungheinrich Aktiengesellschaft to open at 35.97€, and during the day (based on 14 day Average True Range), to move between 34.06€ and 36.34€, which gives a possible trading interval of +/-1.14€ (+/-3.23%) up or down from last closing price. If Jungheinrich Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 35.26€ (0.17%) than the support at 34.56€ (1.82%), 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 Jungheinrich Aktiengesellschaft stock A Buy?
Jungheinrich Aktiengesellschaft holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.652 Sell Candidate Unchanged
Predicted Opening Price for Jungheinrich Aktiengesellschaft of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| 35.97€ ( 2.20%) | 35.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUN3.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.41 | 9.13 % | |
| R2 | 37.48 | 6.48 % | ||
| R1 | 36.91 | 4.84 % | ||
| Current price: | 35.20 | |||
| Support | S1 | 35.04 | -0.451 % | |
| S2 | 34.47 | -2.09 % | ||
| S3 | 33.53 | -4.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.78 | 10.17 % | |
| R2 | 38.12 | 8.30 % | ||
| R1 | 35.26 | 0.170 % | ||
| Current price | 35.20 | |||
| Support | S1 | 34.56 | -1.82% | |
| S2 | 31.24 | -11.25% | ||
| S3 | 29.96 | -14.89% |
JUN3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 16, 2024 | 0€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 0.680€ | 2.18% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.680€ | 2.90% |
| 4 | May 11, 2022 | May 11, 2022 | May 11, 2022 | 0.680€ | 3.15% |
| 5 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 0.430€ | 1.07% |
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