The St. Joe Company Stock Forecast
Red day on Tuesday for The St. Joe Company
(Updated on Apr 16, 2024)
The The St. Joe Company stock price fell by -1.08% on the last day (Tuesday, 16th Apr 2024) from $56.33 to $55.72. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.47% from a day low at $54.73 to a day high of $56.08. The price has been going up and down for this period, and there has been a 0.05% gain for the last 2 weeks. Volume has increased on the last day by 49 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 223 thousand shares were bought and sold for approximately $12.45 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect The St. Joe Company stock with a 90% probability to be traded between $53.31 and $60.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
JOE Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The The St. Joe Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $57.15. On a fall, the stock will find some support from the long-term average at approximately $55.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for The St. Joe Company stock
The St. Joe Company finds support from accumulated volume at $55.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.35 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $53.08 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (JOE) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect The St. Joe Company to open at $55.51, and during the day (based on 14 day Average True Range), to move between $54.09 and $57.35, which gives a possible trading interval of +/-$1.63 (+/-2.93%) up or down from last closing price. If The St. Joe Company takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.69 (0.05%) than the resistance at $55.97 (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The St. Joe Company will release earnings BMO on Wednesday, April 24, 2024. We will update the financials statements for The St. Joe Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.
Is The St. Joe Company stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.282 Buy Candidate Unchanged
Predicted Opening Price for The St. Joe Company of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$55.51 ( 0.377%) | $55.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.86 | 2.05 % | |
R2 | 56.34 | 1.12 % | ||
R1 | 56.03 | 0.549 % | ||
Current price: | 55.72 | |||
Support | S1 | 54.99 | -1.30 % | |
S2 | 54.68 | -1.87 % | ||
S3 | 54.16 | -2.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.97 | 4.04 % | |
R2 | 56.51 | 1.42 % | ||
R1 | 55.97 | 0.449 % | ||
Current price | 55.72 | |||
Support | S1 | 55.69 | -0.0538% | |
S2 | 54.16 | -2.80% | ||
S3 | 52.73 | -5.37% |
JOE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 01, 2024 | Mar 27, 2024 | $0.120 | 0.209% |
2 | Oct 25, 2023 | Nov 08, 2023 | Dec 08, 2023 | $0.120 | 0.223% |
3 | Jul 26, 2023 | Aug 10, 2023 | Sep 08, 2023 | $0.120 | 0.203% |
4 | Apr 26, 2023 | May 16, 2023 | Sep 08, 2023 | $0.100 | 0.169% |
5 | Feb 22, 2023 | Mar 03, 2023 | Mar 28, 2023 | $0.100 | 0.256% |
FAQ
Click here for our free guide on how to buy The St. Joe Company Stock.