JNPR plummets, loses $0.65 (-2.28%) within a single day


Juniper Networks (JNPR) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
JNPR crashes, loses $0.65 (-2.28%) within a single day
JNPR breaks key support level
JNPR finds buyers at key support level
JNPR finds support at 20-day moving average
JNPR runs into sellers again around 28.55
TQ Sentiment
Report Sentiment: 62% Bearish
Technical Forecast:
Overview

JNPR finished the week -0.36% lower at 27.86 after tanking $0.65 (-2.28%) today. This is the biggest single day loss in over two months. Today's closing price of 27.86 marks the lowest close since July 5th. Closing below Thursday's low at 28.27, Juniper Networks confirms its breakout through the prior session's low having traded $0.87 below it intraday.

Daily chart for JNPR
Volatility

Friday's trading range was $1.15 (4.04%), that's far above last trading month's daily average range of $0.52. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Price Action

In a volatile session, prices traded above the previous day's high as well as below the prior day's low, forming a bearish Outside Bar.

Support/Resistance

After trading as low as 27.40 during the day, the market bounced off the key support level at 27.80. The failure to close below the support could increase that levels importance as support going forward. Breaking below the key support level at 28.34 today, it is now likely to act as resistance going forward. After having been unable to move above 28.51 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 28.55. After trading as low as 27.40 during the day, the stock found support at the 20-day moving average at 27.40.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Juniper Networks
ConditionForecastDirectionWinAvgWorstBestEvents
Close near low of period TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

JNPR breaks below previous session low

Jul 20, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Juniper Networks traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Stocks Top Movers

ETHUSD 462.3514.38 3.21%
BTCUSD 7,414.9082.64 1.13%
GBPUSD 1.31350.0120 0.92%
GOLD 1,231.99.4 0.77%
HSI 28,224.48213.62 0.76%
INDU 25,058.12-6.38 -0.03%
NDX 7,350.23-2.13 -0.03%
FTSE 7,678.79-5.21 -0.07%
NATGAS 2.733-0.002 -0.07%
SPX 2,801.83-2.66 -0.09%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV88.91 -1.04
-1.16%
ACN 10 day candlestick chart for ACN166.52 -0.37
-0.22%
ADBE 10 day candlestick chart for ADBE257.54 -0.14
-0.05%
AAP 10 day candlestick chart for AAP142.67 -0.70
-0.49%
AES 10 day candlestick chart for AES13.03 0.00
0.00%
AET 10 day candlestick chart for AET187.22 -2.82
-1.48%
AFL 10 day candlestick chart for AFL43.06 0.17
0.40%
AMG 10 day candlestick chart for AMG148.84 -0.47
-0.31%
A 10 day candlestick chart for A63.85 -0.30
-0.47%
ABT 10 day candlestick chart for ABT63.32 -0.46
-0.72%