|
|
Advanced TA SearchArchive
- 4/5/2024 -
Sign In to see current Signals. |
Juniper Neworks Inc. (JNPR) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Juniper Neworks Inc. (JNPR). During the week, the JNPR climbed 0.01 points, or 0.03%, and closed at 37.07 on Friday, April 5, 2024. JNPR was trading at average weekly trading volume.
JNPR is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See JNPR long-term trend chart]
A long-term uptrend had started on October 26, 2023 at 24.87 and reached 38.04 on January 12, 2024. JNPR gained -13.17 points, or -52.96%, in 11 weeks. The price is now at the 7.37% retracement level.
 Medium-term trend: [See JNPR medium-term trend chart]
A medium-term downtrend had started on January 12, 2024 at 38.04 and reached 36.21 on March 15, 2024. JNPR lost 1.83 points, or 4.81%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 35.91 and resistance is at 37.45. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See JNPR weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See JNPR short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 37.29 and reached 36.79 on April 2, 2024. JNPR lost 0.50 points, or 1.34%, in 6 days. The price is now at the 56.00% retracement level.
 Daily Technical Indicators: [See JNPR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since January 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (36.82) comes close to the price (37.07). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.81% on Friday. It is 75.14% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|