RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JMIA
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Jumia Technologies AG stock price up 2.78% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 2.78% PDF

The Jumia Technologies AG stock price gained 2.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.03 to $5.17. During the last trading day the stock fluctuated 7.92% from a day low at $4.92 to a day high of $5.31. The price has fallen in 8 of the last 10 days and is down by -26.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 222 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $18.06 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 100.41% during the next 3 months and, with a 90% probability hold a price between $10.22 and $16.54 at the end of this 3-month period.

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JMIA Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jumia Technologies AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.64 and $5.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -27.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Jumia Technologies AG stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.75 and $4.56. There is a 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, Jumia Technologies AG finds support just below today's level at $4.75. If this is broken, then the next support from accumulated volume will be at $4.56 and $4.18.

This stock may move much during the 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 $0.390 between high and low, or 7.92%. For the last week, the stock has had daily average volatility of 8.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JMIA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Jumia Technologies AG to open at $5.13, and during the day (based on 14 day Average True Range), to move between $4.61 and $5.73, which gives a possible trading interval of +/-$0.559 (+/-10.81%) up or down from last closing price. If Jumia Technologies AG takes out the full calculated possible swing range there will be an estimated 21.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.75 (8.12%) than the resistance at $5.62 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jumia Technologies AG stock A Buy?

The Jumia Technologies AG stock holds several negative signals and despite the positive trend, we believe Jumia Technologies AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.058 Sell Candidate Unchanged

Predicted Opening Price for Jumia Technologies AG of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.13 ( 0.710%) $5.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JMIA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.52 6.83 %
R2 5.37 3.95 %
R1 5.28 2.17 %
Current price: 5.17
Support S1 4.98 -3.59 %
S2 4.89 -5.37 %
S3 4.74 -8.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 6.09 17.79 %
R2 5.69 10.06 %
R1 5.62 8.70 %
Current price 5.17
Support S1 4.75 -8.12%
S2 4.56 -11.80%
S3 4.18 -19.15%

FAQ

What is the symbol for Jumia Technologies AG Stock and on which exchange is it traded?
The symbol for Jumia Technologies AG is JMIA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Jumia Technologies AG Stock?
The Jumia Technologies AG stock holds several negative signals and despite the positive trend, we believe Jumia Technologies AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Jumia Technologies AG Stock?
Jumia Technologies AG Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Jumia Technologies AG Stock.

What's the current price of Jumia Technologies AG Stock?
As of the end of day on the 2024-03-27, the price of an Jumia Technologies AG (JMIA) share was $5.17.

What is the 52-week high and low for Jumia Technologies AG Stock?
The 52-week high for Jumia Technologies AG Stock is $8.10 and the 52-week low is $2.23.

What is the market capitalization of Jumia Technologies AG Stock?
As of the 2024-03-27, the market capitalization of Jumia Technologies AG is 522.908M.

When is the next earnings date for Jumia Technologies AG?
The upcoming earnings date for Jumia Technologies AG is May 28, 2024.
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About Jumia Technologies AG

Jumia Technologies AG Jumia Technologies AG operates an e-commerce platform in West Africa, North Africa, East and South Africa, Europe, the United Arab Emirates, and internationally. The company's platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in sel... JMIA Profile

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