JANUS HENDERSON GROUP PLC (NYSE:JHG) showing some interesting technicals. Here's why.

A possible breakout setup was detected on JANUS HENDERSON GROUP PLC (NYSE:JHG) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:JHG.

Insights from Technical Analysis

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall JHG gets a technical rating of 8 out of 10. Both in the recent history as in the last year, JHG has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, JHG did better than 82% of all other stocks.
• JHG is one of the better performing stocks in the Capital Markets industry, it outperforms 75% of 211 stocks in the same industry.
• JHG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JHG is lagging the market slightly.
• In the last month JHG has a been trading in the 32.05 - 34.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

For an up to date full technical analysis you can check the technical report of JHG

How does the Setup look for NYSE:JHG

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:JHG currently has a 9 as setup rating:

Besides having an excellent technical rating, JHG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 33.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How to trade NYSE:JHG?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.