Janus Henderson Group Plc Stock Forecast

Green day on Friday for Janus Henderson Group Plc stock after gaining 0.689%
(Updated on Apr 19, 2024)

JHG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.689%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Janus Henderson Group Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $31.10 and $31.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, May 01, 2023 in the long-term chart.

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.

Support, Risk & Stop-loss for Janus Henderson Group Plc stock

Janus Henderson Group Plc finds support from accumulated volume at $30.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.495 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.

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

Trading Expectations (JHG) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Janus Henderson Group Plc to open at $30.63, and during the day (based on 14 day Average True Range), to move between $30.04 and $31.32, which gives a possible trading interval of +/-$0.641 (+/-2.09%) up or down from last closing price. If Janus Henderson Group Plc takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $30.47 (0.68%) than the resistance at $30.97 (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Janus Henderson Group Plc stock A Buy?

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

Current score: -1.624 Sell Candidate Unchanged

Predicted Opening Price for Janus Henderson Group Plc of Monday, April 22, 2024

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