Just Energy Group, Inc. Ordinary Shares (Canada) Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||9.61% ( 2018-12-31 )|
Just Energy Group, Inc. Ordinary Shares (Canada) fell by -3.21% in the last day from $3.74 to $3.62 The price has risen in 6 of the last 10 days and is up by 3.43% over the past 2 weeks. Volume has increased in the last day by 77 590 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, 167 974 shares bought and sold for approximately $608 066.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the JE stock was $3.62. This is 3.21% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 3.61% from a day low at $3.60 to a day high of $3.73.
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 $3.06.
52 week high for the Just Energy Group, Inc. Ordinary Shares (Canada) - $5.09 and low - $2.80.
Given the current horizontal trend you can expect Just Energy Group, Inc. Ordinary Shares (Canada) with 90% probability to be traded between $3.20 and $4.43 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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. On corrections up there will be some resistance from the lines at $3.70 and $3.65. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday January 18, 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)
The stock holds a RSI14 at 72 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.
Support & Resistance
Just Energy Group, Inc. Ordinary Shares (Canada) finds support from accumulated volume at $3.61.
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 $0.13 between high and low, or 3.61%. For the last week, the stock has had a daily average volatility of 2.79%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Just Energy Group, Inc. Ordinary Shares (Canada) holds several negative signals and is within a very 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 recommendation for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate.
|JE $3.62 $-0.12(-3.21%)|
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