JPMorgan Asian Investment Trust Plc Stock Forecast
JPMorgan Asian Investment Trust Plc stock price down 0% on Wednesday
(Updated on Feb 26, 2020)
No changes to the price of JPMorgan Asian Investment Trust Plc stock on the last trading day (Wednesday, 26th Feb 2020). During the last trading day the stock fluctuated 0% from a day low at £4.01 to a day high of £4.01. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.54% during the next 3 months and, with a 90% probability hold a price between £4.16 and £4.65 at the end of this 3-month period.
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JAI.L Signals & Forecast
The JPMorgan Asian Investment Trust Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £4.01 and £4.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, February 25, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for JPMorgan Asian Investment Trust Plc stock
JPMorgan Asian Investment Trust Plc finds support from accumulated volume at £3.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £3.86 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (JAI.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect JPMorgan Asian Investment Trust Plc to open at £4.01, and during the day (based on 14 day Average True Range), to move between £3.97 and £4.05, which gives a possible trading interval of +/-£0.0411 (+/-1.02%) up or down from last closing price. If JPMorgan Asian Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3.95 (1.50%) than the resistance at £4.08 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JPMorgan Asian Investment Trust Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for JPMorgan Asian Investment Trust Plc stock to perform well in the short-term.
Current score: 2.094 Buy Candidate Unchanged
Predicted Opening Price for JPMorgan Asian Investment Trust Plc of Thursday, February 27, 2020
Fair opening price February 27, 2020 | Current price |
---|---|
£4.01 ( 0%) | £4.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAI.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.01 | . | |
R2 | 4.01 | . | ||
R1 | 4.01 | . | ||
Current price: | 4.01 | |||
Support | S1 | 4.01 | . | |
S2 | 4.01 | . | ||
S3 | 4.01 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.18 | 4.24 % | |
R2 | 4.15 | 3.49 % | ||
R1 | 4.08 | 1.75 % | ||
Current price | 4.01 | |||
Support | S1 | 3.95 | -1.50% | |
S2 | 3.94 | -1.75% | ||
S3 | 3.93 | -2.00% |
FAQ
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