Just Eat Takeaway.com N.V. Stock Forecast
Evaluation of Just Eat Takeaway.com N.V. stock downgraded after the last trading session.
(Updated on May 16, 2024)
The Just Eat Takeaway.com N.V. stock price gained 0.104% on the last trading day (Thursday, 16th May 2024), rising from 14.48€ to 14.49€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.13% from a day low at 14.40€ to a day high of 14.85€. The price has risen in 7 of the last 10 days and is up by 5.92% over the past 2 weeks. Volume fell on the last day by -169 thousand shares and in total, 2 million shares were bought and sold for approximately 24.08€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 14.84€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.31% during the next 3 months and, with a 90% probability hold a price between 12.17€ and 14.35€ 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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TKWY.AS Signals & Forecast
The Just Eat Takeaway.com N.V. 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 13.79€ and 14.03€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 9.94%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Just Eat Takeaway.com N.V. stock
Just Eat Takeaway.com N.V. finds support from accumulated volume at 14.41€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.450€ between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: 14.01€ (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TKWY.AS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Just Eat Takeaway.com N.V. to open at 14.58€, and during the day (based on 14 day Average True Range), to move between 13.95€ and 15.03€, which gives a possible trading interval of +/-0.537€ (+/-3.70%) up or down from last closing price. If Just Eat Takeaway.com N.V. takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.41€ (0.55%) than the resistance at 14.75€ (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Just Eat Takeaway.com N.V. stock A Buy?
Just Eat Takeaway.com N.V. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.135 Hold/Accumulate Downgraded
Predicted Opening Price for Just Eat Takeaway.com N.V. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 14.58€ ( 0.621%) | 14.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKWY.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.03 | 3.73 % | |
| R2 | 14.86 | 2.54 % | ||
| R1 | 14.75 | 1.81 % | ||
| Current price: | 14.49 | |||
| Support | S1 | 14.41 | -0.565 % | |
| S2 | 14.30 | -1.30 % | ||
| S3 | 14.13 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.05 | 3.86 % | |
| R2 | 14.87 | 2.59 % | ||
| R1 | 14.75 | 1.79 % | ||
| Current price | 14.49 | |||
| Support | S1 | 14.41 | -0.552% | |
| S2 | 14.38 | -0.759% | ||
| S3 | 13.32 | -8.07% |
FAQ
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