Jones Energy Inc Stock Forecast
Big movements in Jones Energy Inc stock price on Tuesday moving 36.67% between high and low
(Updated on May 07, 2019)
The Jones Energy Inc stock price gained 9.24% on the last trading day (Tuesday, 7th May 2019), rising from $0.0725 to $0.0792. During the last trading day the stock fluctuated 36.67% from a day low at $0.0600 to a day high of $0.0820. The price has been going up and down for this period, and there has been a -43.43% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately $6.16 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.118 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JONE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2019, and so far it has risen 9.24%. Further rise is indicated until a new top pivot has been found. Jones Energy Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jones Energy Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.101 and $0.132. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jones Energy Inc stock
Jones Energy Inc finds support from accumulated volume at $0.0790 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0220 between high and low, or 36.67%. For the last week the stock has had daily average volatility of 37.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JONE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Jones Energy Inc to open at $0.0737, and during the day (based on 14 day Average True Range), to move between $0.0534 and $0.105, which gives a possible trading interval of +/-$0.0258 (+/-32.56%) up or down from last closing price. If Jones Energy Inc takes out the full calculated possible swing range there will be an estimated 65.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0790 (0.25%) than the resistance at $0.0900 (13.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jones Energy Inc stock A Buy?
Jones Energy Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.126 Sell Candidate Unchanged
Predicted Opening Price for Jones Energy Inc of Wednesday, May 8, 2019
Fair opening price May 8, 2019 | Current price |
---|---|
$0.0737 ( 6.90%) | $0.0792 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JONE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0957 | 20.88 % | |
R2 | 0.0873 | 10.26 % | ||
R1 | 0.0821 | 3.71 % | ||
Current price: | 0.0792 | |||
Support | S1 | 0.0653 | -17.51 % | |
S2 | 0.0601 | -24.07 % | ||
S3 | 0.0517 | -34.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0.0950 | 19.95 % | ||
R1 | 0.0900 | 13.64 % | ||
Current price | 0.0792 | |||
Support | S1 | 0.0790 | -0.253% | |
S2 | 0.0725 | -8.46% | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Jones Energy Inc Stock.