Jumia Technologies Stock Forecast - Price Action Indicator
| JMIA Stock | USD 5.70 0.33 5.47% |
Jumia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Jumia Technologies stock prices and determine the direction of Jumia Technologies AG's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Jumia Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Jumia Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Jumia Technologies' systematic risk associated with finding meaningful patterns of Jumia Technologies fundamentals over time.
Check out Historical Fundamental Analysis of Jumia Technologies to cross-verify your projections. Jumia |
Open Interest Against 2024-05-24 Jumia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Jumia Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Jumia Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Jumia Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Jumia Technologies' open interest, investors have to compare it to Jumia Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Jumia Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Jumia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Jumia Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Jumia Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Jumia Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.41) | (0.41) |
| Check Jumia Technologies Volatility | Backtest Jumia Technologies | Information Ratio |
Jumia Technologies Trading Date Momentum
| On May 23 2024 Jumia Technologies AG was traded for 5.70 at the closing time. The top price for the day was 6.24 and the lowest listed price was 5.66 . There was no trading activity during the period 0.0. Lack of trading volume on May 23, 2024 did not cause price change. The trading delta at closing time against the current closing price is 5.61% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Jumia Technologies to competition |
Other Forecasting Options for Jumia Technologies
For every potential investor in Jumia, whether a beginner or expert, Jumia Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Jumia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Jumia. Basic forecasting techniques help filter out the noise by identifying Jumia Technologies' price trends.Jumia Technologies Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jumia Technologies stock to make a market-neutral strategy. Peer analysis of Jumia Technologies could also be used in its relative valuation, which is a method of valuing Jumia Technologies by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Jumia Technologies Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Jumia Technologies' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Jumia Technologies' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Jumia Technologies Market Strength Events
Market strength indicators help investors to evaluate how Jumia Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Jumia Technologies shares will generate the highest return on investment. By undertsting and applying Jumia Technologies stock market strength indicators, traders can identify Jumia Technologies AG entry and exit signals to maximize returns.
Jumia Technologies Risk Indicators
The analysis of Jumia Technologies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Jumia Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting jumia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.38 | |||
| Semi Deviation | 4.04 | |||
| Standard Deviation | 6.0 | |||
| Variance | 35.99 | |||
| Downside Variance | 20.12 | |||
| Semi Variance | 16.31 | |||
| Expected Short fall | (5.28) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Jumia Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Jumia Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Jumia Technologies Ag Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Jumia Technologies Ag Stock:Check out Historical Fundamental Analysis of Jumia Technologies to cross-verify your projections. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Jumia Stock analysis
When running Jumia Technologies' price analysis, check to measure Jumia Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jumia Technologies is operating at the current time. Most of Jumia Technologies' value examination focuses on studying past and present price action to predict the probability of Jumia Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jumia Technologies' price. Additionally, you may evaluate how the addition of Jumia Technologies to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Is Jumia Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Jumia Technologies. If investors know Jumia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Jumia Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.09) | Revenue Per Share 1.919 | Quarterly Revenue Growth 0.185 | Return On Assets (0.14) | Return On Equity (1.19) |
The market value of Jumia Technologies is measured differently than its book value, which is the value of Jumia that is recorded on the company's balance sheet. Investors also form their own opinion of Jumia Technologies' value that differs from its market value or its book value, called intrinsic value, which is Jumia Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Jumia Technologies' market value can be influenced by many factors that don't directly affect Jumia Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Jumia Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Jumia Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jumia Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.