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Downtrend Broken Resist.Archive
- 5/10/2024 -
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Juniper Neworks Inc. (JNPR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Juniper Neworks Inc. (JNPR). During the week, the JNPR gave back -0.20 points, or -0.57%, and closed at 34.64 on Friday, May 10, 2024. Weekly volume was -58% below average.
 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 34.30 on May 9, 2024. JNPR lost 3.74 points, or 9.83%, in 16 weeks. The price is now at the 9.09% retracement level.
 Weekly Technical Indicators: [See JNPR weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 34.30 on May 9, 2024. JNPR lost 2.99 points, or 8.02%, in 43 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 34.21 and resistance is at 37.17. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See JNPR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range 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 and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (34.88) comes close to the price (34.64). 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.
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