Jupiter Fund Management Plc Stock Forecast
Jupiter Fund Management Plc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The Jupiter Fund Management Plc stock price fell by -1.45% on the last day (Thursday, 18th Apr 2024) from £82.80 to £81.60. During the last trading day the stock fluctuated 3.68% from a day low at £78.70 to a day high of £81.60. The price has fallen in 5 of the last 10 days and is down by -8% for this period. Volume has increased on the last day by 62 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, 1 million shares were bought and sold for approximately £103.62 million.
Given the current short-term trend, the stock is expected to rise 14.13% during the next 3 months and, with a 90% probability hold a price between £93.13 and £108.97 at the end of this 3-month period.
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JUP.L Signals & Forecast
There are few to no technical positive signals at the moment. The Jupiter Fund Management Plc 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 £85.71 and £87.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -11.35%. 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.
Support, Risk & Stop-loss for Jupiter Fund Management Plc stock
Jupiter Fund Management Plc finds support from accumulated volume at £81.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.90 (3.68%) between high and low. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: £78.55 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (JUP.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Jupiter Fund Management Plc to open at £80.63, and during the day (based on 14 day Average True Range), to move between £78.38 and £84.82, which gives a possible trading interval of +/-£3.22 (+/-3.94%) up or down from last closing price. If Jupiter Fund Management Plc takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £81.50 (0.12%) than the resistance at £82.65 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jupiter Fund Management Plc stock A Buy?
Jupiter Fund Management Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.320 Hold/Accumulate Upgraded
Predicted Opening Price for Jupiter Fund Management Plc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
£80.63 ( 1.18%) | £81.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUP.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.53 | 2.37 % | |
R2 | 82.43 | 1.01 % | ||
R1 | 81.74 | 0.173 % | ||
Current price: | 81.60 | |||
Support | S1 | 79.53 | -2.54 % | |
S2 | 78.84 | -3.38 % | ||
S3 | 77.73 | -4.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.70 | 11.15 % | |
R2 | 85.05 | 4.23 % | ||
R1 | 82.65 | 1.29 % | ||
Current price | 81.60 | |||
Support | S1 | 81.50 | -0.123% | |
S2 | 81.00 | -0.735% | ||
S3 | 79.60 | -2.45% |
JUP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 20, 2024 | £3.40 | 4.17% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £2.90 | 2.74% |
3 | Feb 24, 2023 | Apr 20, 2023 | May 19, 2023 | £0.500 | 0.417% |
4 | Jul 29, 2022 | Aug 11, 2022 | Aug 31, 2022 | £7.90 | 8.13% |
5 | Feb 25, 2022 | Apr 21, 2022 | May 20, 2022 | £9.20 | 5.44% |
FAQ
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