JAGX Forecast and Technical Stock Analysis
Hold candidate since 2019-09-17 PDF
Jaguar Animal Health gained 11.19% in the last trading day ( Tuesday, 17th Sep 2019 ), rising from $1.43 to $1.59 , and has now gained 3 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 day the stock fluctuated 10.34% from a day low at $1.45 to a day high of $1.60. The price has risen in 5 of the last 10 days and is up by 38.26% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.79 million more shares were traded than the day before. In total, 2.27 million shares bought and sold for approximately $3.61 million.
- 30 day high of the JAGX stock price was $1.60 and low was $1.05.
- 90 day high was $5.70 and low was $1.00.
- 52 week high for Jaguar Animal Health - $175.00 and low - $1.00.
Jaguar Animal Health has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.24, a level that may pose a second chance to hit a runner. According to fan-theory $3.23 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Jaguar Animal Health holds buy signals from both short- and long-term moving averages, 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 $1.29 and $1.35. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday September 10, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 77 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $1.33 and $1.28.
There is 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, Jaguar Animal Health finds support just below today's level at $1.33. If this is broken, then the next support from accumulated volume will be at $1.28 and $1.22.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.15 between high and low, or 10.34%. For the last week, the stock has had a daily average volatility of 12.75%.
The stock is extremely overbought on RSI14 (77). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $1.52 (-4.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from pivot bottom found 5 days ago.)
12.75 %Average volatility
Very Low Low Medium High Very High
Jaguar Animal Health holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|JAGX $1.59 ($0.16 11.19%)|
JAGX is up $0.16 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for JAGX based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the JAGX analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!