Jumei International Holding Limited (JMEI) Internals Are Exhibiting Conflicting Signs

Jumei International Holding Limited (NYSE:JMEI) fell by -5.60% in Friday’s trading session from $3.39 to $3.20 The stock price went upward in 6 of the last 10 days and has generated 23.55% during the last two weeks. Volume has increased in Friday’s trading session by 0.06 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.88 M shares exchanged hands for about $6.03 million.

Inside JMEI’s Recent Trend

Jumei International Holding Limited (JMEI) lies in the middle of a very wide and weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 6.1% over the course of a quarter and, with 90% chance the price will be floating in the range of $2.26 and $3.76 in this timeframe.

Jumei International Holding Limited Technical Signals

JMEI has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $3.28. On a drop, the stock is likely to find some support over the long run, which begins at $2.49. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

Jumei International Holding Limited (NYSE:JMEI) Support And Resistance Levels

In case of pullback, the next support the price will capture from accumulated volume will not be far away from current price at $2.83 and $2.59. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $3.28, $3.39 and $3.52.

It is important to note, however, that the stock needs to make its way through natural risk while testing a key support level. Once this support is broken, another support level will be to be established at a lower level. Turning back to this stock, Jumei International Holding Limited approaches the first support point just current price at $2.83. In case of a break, the next support we will see from accumulated volume is going to be at $2.59 and $2.42. Accumulated volume is going to prevent the price from rising further at $3.28 and this action will lead the price to take a temporary pause or stay muted for a few days.

Jumei International Holding Limited (JMEI) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.28 between high and low, or 8.86%. The average volatility for the past week stood at 14.46%.


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