Jungheinrich Aktiengesellschaft Stock Forecast
Weaker technical forecast for Jungheinrich Aktiengesellschaft as stock downgraded to Strong Sell Candidate.
(Updated on Jun 28, 2024)
The Jungheinrich Aktiengesellschaft stock price fell by -1.16% on the last day (Friday, 28th Jun 2024) from 31.12€ to 30.76€. During the last trading day the stock fluctuated 2.21% from a day low at 30.74€ to a day high of 31.42€. The price has fallen in 5 of the last 10 days and is down by -3.33% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 55 thousand shares were bought and sold for approximately 1.69€ million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 30.05€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.95% during the next 3 months and, with a 90% probability hold a price between 26.15€ and 29.80€ 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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JUN3.F Signals & Forecast
There are few to no technical positive signals at the moment. The Jungheinrich Aktiengesellschaft 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 31.53€ and 34.27€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -20.97%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jungheinrich Aktiengesellschaft 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.680€ between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.84%.
Jungheinrich Aktiengesellschaft is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JUN3.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jungheinrich Aktiengesellschaft to open at 30.97€, and during the day (based on 14 day Average True Range), to move between 29.69€ and 31.83€, which gives a possible trading interval of +/-1.07€ (+/-3.46%) up or down from last closing price. If Jungheinrich Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 31.68€, some 0.92€ (2.99%) from the current price of 30.76€, our system finds the risk reward not very attractive.
Is Jungheinrich Aktiengesellschaft stock A Buy?
Jungheinrich Aktiengesellschaft holds several negative signals and is within a wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.303 Strong Sell Candidate Downgraded
Predicted Opening Price for Jungheinrich Aktiengesellschaft of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 30.97€ ( 0.694%) | 30.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUN3.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.65 | 2.90% |
| R2 | 31.39 | 2.06% |
| R1 | 31.23 | 1.54% |
| Price | 30.76 | |
| S1 | 30.71 | -0.151% |
| S2 | 30.55 | -0.673% |
| S3 | 30.29 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.84 | 16.51% |
| R2 | 31.82 | 3.45% |
| R1 | 31.68 | 2.99% |
| Price | 30.76 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
JUN3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 20, 2024 | 0.750€ | 0% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | 0.680€ | 0% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 0.680€ | 0% |
| 4 | May 11, 2022 | May 11, 2022 | May 11, 2022 | 0.680€ | 0% |
| 5 | May 12, 2021 | May 12, 2021 | May 12, 2021 | 0.430€ | 0% |
FAQ
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