The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

Archive
- 3/15/2024 -
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Juniper Neworks Inc. (JNPR) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger BandThe period of low volatility of the stock price
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It was the negative week for the Juniper Neworks Inc. (JNPR). During the week, the JNPR dropped -1.14 points, or -3.05%, and closed at 36.22 on Friday, March 15, 2024. It was the worst weekly loss since October 6, 2023. Weekly volume was 13% above average.

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 March 16, 2020 at 15.20 and reached 38.14 on March 31, 2022. JNPR gained -22.94 points, or -150.92%, in 106 weeks. The price is now at the 8.37% retracement level.

Medium-term trend: [See JNPR medium-term trend chart]
A medium-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 13.82% retracement level.

Weekly Technical Indicators: [See JNPR weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 4, 2024 at 37.69 and reached 36.21 on March 15, 2024. JNPR lost 1.48 points, or 3.93%, in 11 days. Price is near the trend low.

Daily Technical Indicators: [See JNPR daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic.

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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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 touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.75% on Friday. It is 67.50% 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.97
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 8.73
Strong Oversold
Greed/Fear Indicator (GFI) 17.74
Oversold
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.20
Overbought
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 80.28
Overbought
Greed/Fear Indicator (GFI) 80.32
Overbought
Moving Average Converg./Diverg. (MACD) 1.76
Trading Signals
Description Value Chart
Upper Bollinger Band 37.58
Parabolic System 37.39
Weekly Stochastic Crossing 37.37
20 Day Moving Average 37.06
50 Day Moving Average 36.69
Daily Stochastic Crossing 36.28
Price 36.22
Lower Bollinger Band 36.22
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Communications Equipment 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.69
High Date 03/04/2024
Low 36.21
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.69
High Date 03/04/2024
Low 36.21
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.69
High Date 03/04/2024
Low 36.21
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.87
Low Date 10/26/2023
High 38.04
High Date 01/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.20
Low Date 03/16/2020
High 38.14
High Date 03/31/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.