Jupiter Fund Management Plc Stock Forecast

Jupiter Fund Management Plc stock price down 0% on Wednesday
(Updated on Apr 17, 2024)

JUP.L Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Jupiter Fund Management 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 £86.77 and £87.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -10.05%. 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 Jupiter Fund Management Plc stock

Jupiter Fund Management Plc finds support from accumulated volume at £82.65 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 £3.40 (4.13%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.

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

Trading Expectations (JUP.L) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Jupiter Fund Management Plc to open at £83.60, and during the day (based on 14 day Average True Range), to move between £79.65 and £85.95, which gives a possible trading interval of +/-£3.15 (+/-3.81%) up or down from last closing price. If Jupiter Fund Management Plc takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £82.65 (0.18%) than the resistance at £85.05 (2.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jupiter Fund Management Plc stock A Buy?

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

Current score: -3.945 Sell Candidate Unchanged

Predicted Opening Price for Jupiter Fund Management Plc of Thursday, April 18, 2024

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