JEF Price Prediction Next Week
Technical Analysis: Based on the technical indicators, JEF is currently showing mixed signals. The RSI(14) at 45.61 indicates a neutral momentum, neither overbought nor oversold. The MACD at -0.36 suggests slight bearish pressure in the short term. The stock is currently trading below both its 20-day SMA (75.09) and 60-day SMA (76.96), indicating some downward pressure.
Price Levels and Fibonacci Analysis: Key Fibonacci levels for next week:
- Resistance 3: $80.28
- Resistance 2: $78.46
- Resistance 1: $77.34
- Pivot: $75.53
- Support 1: $73.71
- Support 2: $72.59
- Support 3: $70.78
News Sentiment Analysis: Recent news shows mixed sentiment:
- Positive: JEF stock has shown impressive performance with an 88% surge over the past 12 months
- Neutral: Wall Street projects double-digit percentage gains for JEF
- Jefferies maintains active analyst coverage on other stocks, showing continued business strength
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Most likely scenario (60% probability): JEF will trade between $73.71-$77.34
- Target price: $76.50
- Trading recommendation: HOLD
The stock is likely to consolidate within this range due to:
- Current neutral RSI suggesting balanced buying/selling pressure
- Price trading below key moving averages
- Strong support at $73.71 (Fibonacci S1)
- Recent strong performance might lead to profit-taking
JEF Similar Chart Price Prediction
The price of JEF is predicted to go up -9.23%, based on the high correlation periods with ACXP. The similarity of these two price pattern on the periods is 93.87%.
JEF
ACXP
Down: -9.23%Similarity: 93.87%
JEF Revenue Forecast
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JEF Analyst's Forecast
Ryan Kenny
Morgan Stanley
Hold
2024-09-26
Price Target
$64 → $67
Upside
+9.57%
Morgan Stanley raised the firm's price target on Jefferies Financial to $67 from $64 and keeps an Equal Weight rating on the shares. The three biggest business lines - Advisory, Equities trading and Fixed Income trading - each beat consensus and grew significantly year-over-year, and management is optimistic about the balance of 2024 and outlook for 2025 given a strong pipeline, declining interest rates and pent-up demand for deals, the analyst tells investors. The firm's FY25 EPS forecast is raised by 5c, or 1%, to $5.03 and it is applying a multiple a half turn higher than its prior multiple to reflect stronger-than-expected growth.
Ryan Kenny
Morgan Stanley
Hold
2024-09-23
Price Target
$59 → $64
Upside
+3.13%
Brennan Hawken
UBS
Strong Buy
2024-09-17
Price Target
$67
Upside
+10.14%
