JUMIA TECHNOLOGIES AG ADS - Daily - Technical analysis published on 02/27/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 5.15 USD
My targets
5.53 USD (+0.24%)
21.00 USD (+280.43%)
My analysis
JUMIA TECHNOLOGIES AG ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.15 USD. The next resistance located at 5.53 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 21.00 USD. After this resistance, buyers could then target 47.67 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JUMIA TECHNOLOGIES AG ADS rating is 5.52 USD. On the day, this instrument gained +18.71% and was between 4.70 USD and 5.57 USD. This implies that the price is at +17.45% from its lowest and at -0.90% from its highest.4.70
5.57
5.52
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this JUMIA TECHNOLOGIES AG ADS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.88 | 4.48 | 4.92 | 5.52 | 21.00 | 47.67 | 65.51 |
| Change (%) | -29.71% | -18.84% | -10.87% | - | +280.43% | +763.59% | +1,086.78% |
| Change | -1.64 | -1.04 | -0.60 | - | +15.48 | +42.15 | +59.99 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.95 | 4.10 | 4.37 | 4.52 | 4.79 | 4.94 | 5.21 |
| Camarilla | 4.54 | 4.57 | 4.61 | 4.65 | 4.69 | 4.73 | 4.77 |
| Woodie | 4.02 | 4.13 | 4.44 | 4.55 | 4.86 | 4.97 | 5.28 |
| Fibonacci | 4.10 | 4.26 | 4.36 | 4.52 | 4.68 | 4.78 | 4.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.10 | 3.53 | 3.91 | 4.34 | 4.72 | 5.15 | 5.53 |
| Camarilla | 4.08 | 4.15 | 4.23 | 4.30 | 4.37 | 4.45 | 4.52 |
| Woodie | 3.09 | 3.52 | 3.90 | 4.33 | 4.71 | 5.14 | 5.52 |
| Fibonacci | 3.53 | 3.84 | 4.03 | 4.34 | 4.65 | 4.84 | 5.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.82 | 2.35 | 2.62 | 3.15 | 3.42 | 3.95 | 4.22 |
| Camarilla | 2.67 | 2.74 | 2.82 | 2.89 | 2.96 | 3.04 | 3.11 |
| Woodie | 1.69 | 2.29 | 2.49 | 3.09 | 3.29 | 3.89 | 4.09 |
| Fibonacci | 2.35 | 2.66 | 2.84 | 3.15 | 3.46 | 3.64 | 3.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 67.18 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 28.24 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 4.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.85 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 3.52 | |
| Zig ZAG (10): | 4.65 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 78.90 | |
| TEMA (21): | 4.48 | |
| Williams %R (14): | -11.92 | |
| Chande Momentum Oscillator (20): | 1.64 | |
| Repulse (5,40,3): | 11.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.8600 | |
| Courbe Coppock: | 82.24 |
| MA7: | 4.44 | |
| MA20: | 3.58 | |
| MA50: | 3.46 | |
| MA100: | 3.15 | |
| MAexp7: | 4.28 | |
| MAexp20: | 3.80 | |
| MAexp50: | 3.49 | |
| MAexp100: | 3.33 | |
| Price / MA7: | +24.32% | |
| Price / MA20: | +54.19% | |
| Price / MA50: | +59.54% | |
| Price / MA100: | +75.24% | |
| Price / MAexp7: | +28.97% | |
| Price / MAexp20: | +45.26% | |
| Price / MAexp50: | +58.17% | |
| Price / MAexp100: | +65.77% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on JUMIA TECHNOLOGIES AG ADS. At the time of publication of this analysis, the latest news was as follows:
- Jumia Reports Fourth Quarter and Full Year 2023 Results
- Jumia to Announce Fourth Quarter and Full Year 2023 Results on February 15, 2024
- Jumia to Focus on Physical Goods Business and Close its Food Delivery Operations
- Jumia Reports Third Quarter 2023 Results
- Jumia to Announce Third Quarter 2023 Results on November 15, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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