Looking For A Good Stock? Let This Jumia Technologies Ag ADR (NYSE: JMIA) Analysis Help.

Jumia Technologies Ag ADR (NYSE:JMIA) price closed higher on Tuesday, May 28, jumping 1.30% above its previous close.

A look at the daily price movement shows that the last close reads $6.16. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.10 and 52-week low of $2.22. The stock added 37.44% on its value in the past month.

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Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give JMIA a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that JMIA’s price is at present 7.23% off the SMA20 and 16.78% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.98, with weekly volatility standing at 8.35%. The indicator jumps to 9.41% when calculated based on the past 30 days. Jumia Technologies Ag ADR (NYSE:JMIA)’s beta value is holding at 2.92, while the average true range (ATR) indicator is currently reading 0.53.

An analysis of the Jumia Technologies Ag ADR (NYSE:JMIA) stock in terms of its daily trading volume indicates that the 3-month average is 3.83 million.

Current records show that the company has 101.14M in outstanding shares. The insiders’ percentage holdings are 0.35% of outstanding shares while the percentage share held by institutions stands at 18.39%. But the 76.77% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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