Just Energy Group, Inc. Ordinary Shares (Canada) Forecast and Stock Analysis
Technical JE stock analysis for March 19, 2019.
|Shorts||14.03% ( 2019-02-28 )|
Just Energy Group, Inc. Ordinary Shares (Canada) fell by -1.13% in the last day from $3.53 to $3.49 and has now fallen 5 days in a row. The price has fallen in 6 of the last 10 days and is down by -3.59% for this period. Volume has increased in the last day by 37 314 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, 125 536 shares bought and sold for approximately $438 121.00.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the JE stock was $3.49. This is 1.13% less than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 3.18% from a day low at $3.47 to a day high of $3.58.
30 day high of the JE stock price was $3.76 and low was $3.41.
90 day high was $3.79 and low was $3.08.
52 week high for the Just Energy Group, Inc. Ordinary Shares (Canada) - $4.67 and low - $2.80.
Just Energy Group, Inc. Ordinary Shares (Canada) lies in the middle of a 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 5.35% during the next 3 months and, with 90% probability hold a price between $3.50 and $4.08 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. On corrections up there will be some resistance from the lines at $3.61 and $3.59. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday March 13, 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 42 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 $3.48.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.11 (3.18%) between high and low. For the last week, the stock has had a daily average volatility of 2.44%.
Our recommended stoploss: $3.30 (-5.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
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Just Energy Group, Inc. Ordinary Shares (Canada) holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.