Just Energy Group, Inc. Ordinary Shares (Canada) Forecast and Stock Analysis
Technical JE stock analysis for Thursday May 23, 2019.
|Shorts||23.61% ( 2019-04-15 )|
|Price to book||USD 4.17|
|Next Earnings Date||2019-08-07|
Just Energy Group, Inc. Ordinary Shares (Canada) fell by -3.58% in the last day ( Thursday, 23rd May 2019 ) from $3.35 to $3.23 and has now fallen 3 days in a row. During day the stock fluctuated 3.12% from a day low at $3.21 to a day high of $3.31. The price has been going up and down for this period, and there has been a -11.51% loss for the last 2 weeks. Volume has increased in the last day by 17 474 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 140 043 shares bought and sold for approximately $452 339.00.
- 30 day high of the JE stock price was $3.69 and low was $3.10.
- 90 day high was $3.76 and low was $3.10.
- 52 week high for the Just Energy Group, Inc. Ordinary Shares (Canada) - $4.34 and low - $2.80.
Just Energy Group, Inc. Ordinary Shares (Canada) lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.63% during the next 3 months and, with 90% probability hold a price between $3.00 and $3.52 at the end of this period.
There are few to none technical positive signals at the moment. Just Energy Group, Inc. Ordinary Shares (Canada) holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $3.31 and $3.49. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Just Energy Group, Inc. Ordinary Shares (Canada) gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Just Energy Group, Inc. Ordinary Shares (Canada) finds support from accumulated volume at $3.21.
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 $0.10 between high and low, or 3.12%. For the last week, the stock has had a daily average volatility of 3.72%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.72 %Average volatility
Very Low Low Medium High Very High
Just Energy Group, Inc. Ordinary Shares (Canada) 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.
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|JE $3.23 ($-0.12 -3.58%)|
JE is down $0.12 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for JE based on the 1-3 month system that more than doubles the S&P 500.
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