Just Energy Group, Inc. Ordinary Shares (Canada) Stock Analysis
Technical stock analysis for 18 January 2019
|Shorts||9.61% ( 2018-12-31 )|
Just Energy Group, Inc. Ordinary Shares (Canada) gained 0.81% in the last trading day, rising from $3.71 to $3.74 , 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. The price has risen in 7 of the last 10 days and is up by 7.78% over the past 2 weeks. Volume fell in the last day by -7 108 shares, and in total, 90 384 shares bought and sold for approximately $338 036.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the JE stock was $3.74. This is 0.81% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 1.63% from a day low at $3.68 to a day high of $3.74.
30 day high of the JE stock price was $3.77 and low was $3.08.
90 day high was $4.34 and low was $3.03.
52 week high for the Just Energy Group, Inc. Ordinary Shares (Canada) - $5.09 and low - $2.80.
Just Energy Group, Inc. Ordinary Shares (Canada) lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.17% during the next 3 months and, with 90% probability hold a price between $3.31 and $4.59 at the end of this period.
Just Energy Group, Inc. Ordinary Shares (Canada) holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $3.70 and $3.66. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday December 24, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 86 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
Just Energy Group, Inc. Ordinary Shares (Canada) finds support from accumulated volume at $3.68.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 1.63%. For the last week the stock has had a daily average volatility of 2.73%.
The stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stoploss: $3.58 (-4.27%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from pivot bottom found 17 days ago.)
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Just Energy Group, Inc. Ordinary Shares (Canada) holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.
|JE $3.74 $0.03(0.81%)|
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