Technical Analysis: JHG is currently trading at $42.69 in pre-market with a +1.98% gain. The stock shows bearish technical signals with RSI-14 at 39.71 indicating a weakening momentum. The MACD line (-0.07) has crossed below the signal line (0.22), suggesting potential downward pressure.
Price Levels and Support/Resistance:
News Impact:
Price Prediction for Next Week: Based on technical indicators and recent price action:
Recommendation: SELL
The price of JHG is predicted to go up 5.72%, based on the high correlation periods with RNR. The similarity of these two price pattern on the periods is 95.37%.
JHG
RNR
With $352.6 billion in AUM at the end of March 2024, Janus Henderson is a medium-size asset manager with a product portfolio that remains more heavily weighted toward equities.
While the company shed $28 billion of AUM in 2022 when it divested its Intech quantitative equities unit, it also eliminated a massive contributor to outflows over the previous five years.
At the end of March 2024, 70%, 60%, and 68% of Janus Henderson's AUM were beating their benchmarks on a one-, three-, and five-year basis, respectively, but still has room to improve.
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