JMIA STOCK! JUMIA TECHNOLOGIES, JMIA STOCK FORECAST 🚀 JMIA STOCK PREDICTION NOV 10, JMIA STOCK NEWS

Jumia Technologies AG stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Nov 09, 2021)

The Jumia Technologies AG stock price fell by -2.66% on the last day (Tuesday, 9th Nov 2021) from $19.16 to $18.65. During the day the stock fluctuated 5.95% from a day low at $18.31 to a day high of $19.40. The price has fallen in 6 of the last 10 days, but is still up by 2.02% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -854 thousand shares and in total, 3 million shares were bought and sold for approximately $56.32 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.91% during the next 3 months and, with a 90% probability hold a price between $15.34 and $19.68 at the end of this 3-month period.

Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, October 29, 2021, and so far it has risen 6.75%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jumia Technologies AG stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.80 and $18.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss
Jumia Technologies AG finds support from accumulated volume at $18.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.09 between high and low, or 5.95%. For the last week, the stock has had a daily average volatility of 5.77%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Jumia Technologies AG stock A Buy?
Jumia Technologies AG holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.447

Predicted Opening Price for Jumia Technologies AG of Wednesday, November 10, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 10, 2021
$18.79
THANKS
website source
https://stockinvest.us/stock/JMIA

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