Johnson Service Group plc Stock Forecast
Johnson Service Group plc stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)
The Johnson Service Group plc stock price gained 1.40% on the last trading day (Wednesday, 27th Mar 2024), rising from £129.00 to £130.80. During the last trading day the stock fluctuated 3.26% from a day low at £128.80 to a day high of £133.00. The price has fallen in 7 of the last 10 days and is down by -1.95% for this period. Volume fell on the last day by -77 thousand shares and in total, 602 thousand shares were bought and sold for approximately £78.78 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.43% during the next 3 months and, with a 90% probability hold a price between £117.79 and £132.42 at the end of this 3-month period.
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JSG.L Signals & Forecast
There are mixed signals in the stock today. The Johnson Service Group plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £137.80. On a fall, the stock will find some support from the short-term average at £129.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Johnson Service Group plc stock
Johnson Service Group plc finds support from accumulated volume at £130.40 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 £4.20 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: £124.24 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (JSG.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Johnson Service Group plc to open at £130.87, and during the day (based on 14 day Average True Range), to move between £126.28 and £135.32, which gives a possible trading interval of +/-£4.52 (+/-3.46%) up or down from last closing price. If Johnson Service Group plc takes out the full calculated possible swing range there will be an estimated 6.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £130.40 (0.31%) than the resistance at £141.00 (7.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Johnson Service Group plc stock A Buy?
Johnson Service Group plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.784 Hold/Accumulate Upgraded
Predicted Opening Price for Johnson Service Group plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£130.87 ( 0.0510%) | £130.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 135.07 | 3.26 % | |
R2 | 133.46 | 2.04 % | ||
R1 | 132.47 | 1.28 % | ||
Current price: | 130.80 | |||
Support | S1 | 129.26 | -1.18 % | |
S2 | 128.27 | -1.93 % | ||
S3 | 126.67 | -3.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 142.00 | 8.56 % | |
R2 | 141.40 | 8.10 % | ||
R1 | 141.00 | 7.80 % | ||
Current price | 130.80 | |||
Support | S1 | 130.40 | -0.306% | |
S2 | 129.00 | -1.38% | ||
S3 | 128.00 | -2.14% |
JSG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £1.90 | 1.45% |
2 | Mar 07, 2023 | Apr 13, 2023 | May 12, 2023 | £1.60 | 1.29% |
3 | Sep 01, 2022 | Oct 06, 2022 | Nov 04, 2022 | £0.80 | 0.84% |
4 | Mar 02, 2020 | Apr 09, 2020 | May 07, 2020 | £2.35 | 1.87% |
5 | Sep 03, 2019 | Oct 03, 2019 | Nov 01, 2019 | £1.15 | 0.657% |
FAQ
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