Juniper Networks Stock Forecast
Juniper Networks stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Juniper Networks stock price gained 0.648% on the last trading day (Wednesday, 27th Mar 2024), rising from $37.04 to $37.28. During the last trading day the stock fluctuated 0.757% from a day low at $37.01 to a day high of $37.29. The price has risen in 6 of the last 10 days and is up by 1.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $108.87 million.
The stock lies in the middle of a wide and strong 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 10.87% during the next 3 months and, with a 90% probability hold a price between $36.86 and $45.67 at the end of this 3-month period.
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JNPR Signals & Forecast
The Juniper Networks stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $36.99 and $37.03. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, January 11, 2024, and so far it has fallen -1.25%. 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 Juniper Networks stock
Juniper Networks finds support from accumulated volume at $37.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 0.757%. For the last week the stock has had daily average volatility of 0.496%.
Our recommended stop-loss: $35.48 (-4.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (JNPR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Juniper Networks to open at $37.19, and during the day (based on 14 day Average True Range), to move between $37.01 and $37.55, which gives a possible trading interval of +/-$0.274 (+/-0.73%) up or down from last closing price. If Juniper Networks takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.35 (0.19%) than the support at $37.18 (0.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Juniper Networks stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Juniper Networks stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.880 Buy Candidate Upgraded
Predicted Opening Price for Juniper Networks of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$37.19 ( 0.232%) | $37.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JNPR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.47 | 0.519 % | |
R2 | 37.37 | 0.232 % | ||
R1 | 37.30 | 0.0544 % | ||
Current price: | 37.28 | |||
Support | S1 | 37.09 | -0.519 % | |
S2 | 37.02 | -0.697 % | ||
S3 | 36.91 | -0.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.59 | 0.83 % | |
R2 | 37.51 | 0.617 % | ||
R1 | 37.35 | 0.188 % | ||
Current price | 37.28 | |||
Support | S1 | 37.18 | -0.268% | |
S2 | 37.03 | -0.671% | ||
S3 | 36.81 | -1.26% |
JNPR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.220 | 0.594% |
2 | Oct 26, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.220 | 0.747% |
3 | Jul 27, 2023 | Aug 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
4 | Apr 25, 2023 | May 31, 2023 | Sep 22, 2023 | $0.220 | 0.788% |
5 | Feb 01, 2023 | Feb 28, 2023 | Mar 22, 2023 | $0.220 | 0.700% |
FAQ
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