The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/19/2024 -
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Juniper Neworks Inc. (JNPR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtWeekly  MACD line has moved below its signal line
Daily :Lane's Stochastic is oversoldThe 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 -0.59 points, or -1.61%, and closed at 36.06 on Friday, April 19, 2024. Weekly volume was -13% 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. The price is now at the 15.03% 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 36.01 on April 18, 2024. JNPR lost 2.03 points, or 5.34%, in 13 weeks. Price is near the trend low.

Weekly Technical Indicators: [See JNPR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 April 9, 2024 at 37.26 and reached 36.01 on April 18, 2024. JNPR lost 1.25 points, or 3.35%, in 9 days. Price is near the trend low.

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

The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.77% on Friday. It is 65.38% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.35
Williams' Percentage Range (W%R) 78.10
Lane's Stochastic (%D-Slow) 7.36
Strong Oversold
Greed/Fear Indicator (GFI) 17.19
Oversold
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.86
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 41.86
Greed/Fear Indicator (GFI) 55.84
Moving Average Converg./Diverg. (MACD) 2.03
Trading Signals
Description Value Chart
Upper Bollinger Band 37.39
50 Day Moving Average 36.95
20 Day Moving Average 36.85
Weekly Stochastic Crossing 36.76
Parabolic System 36.70
Daily Stochastic Crossing 36.10
Price 36.06
Lower Bollinger Band 36.04
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Communications Equipment 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.26
High Date 04/09/2024
Low 36.01
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.29
High Date 03/27/2024
Low 36.01
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.04
High Date 01/12/2024
Low 36.01
Low Date 04/18/2024
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.