John B. Sanfilippo & Son Stock Forecast
Green day on Thursday for John B. Sanfilippo & Son stock after gaining 0.484%
(Updated on Mar 28, 2024)
The John B. Sanfilippo & Son stock price gained 0.484% on the last trading day (Thursday, 28th Mar 2024), rising from $105.41 to $105.92. During the last trading day the stock fluctuated 1.37% from a day low at $105.26 to a day high of $106.70. The price has risen in 6 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 38 thousand shares were bought and sold for approximately $4.07 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 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 John B. Sanfilippo & Son stock with a 90% probability to be traded between $98.86 and $109.39 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.
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JBSS Signals & Forecast
Mostly positive signals in the chart today. The John B. Sanfilippo & Son 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 $106.04. On a fall, the stock will find some support from the long-term average at approximately $102.59. 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. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 John B. Sanfilippo & Son stock
John B. Sanfilippo & Son finds support from accumulated volume at $105.43 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 $1.44 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: $100.84 (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (JBSS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect John B. Sanfilippo & Son to open at $105.96, and during the day (based on 14 day Average True Range), to move between $103.79 and $108.05, which gives a possible trading interval of +/-$2.13 (+/-2.01%) up or down from last closing price. If John B. Sanfilippo & Son takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $106.35 (0.41%) than the support at $105.43 (0.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is John B. Sanfilippo & Son stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for John B. Sanfilippo & Son stock to perform well in the short-term period.
Current score: 1.562 Buy Candidate Unchanged
Predicted Opening Price for John B. Sanfilippo & Son of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$105.96 ( 0.0378%) | $105.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JBSS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.40 | 1.40 % | |
R2 | 106.85 | 0.88 % | ||
R1 | 106.51 | 0.557 % | ||
Current price: | 105.92 | |||
Support | S1 | 105.41 | -0.482 % | |
S2 | 105.07 | -0.80 % | ||
S3 | 104.52 | -1.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.77 | 1.75 % | |
R2 | 107.67 | 1.65 % | ||
R1 | 106.35 | 0.406 % | ||
Current price | 105.92 | |||
Support | S1 | 105.43 | -0.463% | |
S2 | 104.20 | -1.62% | ||
S3 | 97.71 | -7.75% |
JBSS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 18, 2023 | Aug 21, 2023 | Sep 13, 2023 | $2.00 | 1.95% |
2 | May 02, 2023 | May 31, 2023 | Jun 22, 2023 | $1.50 | 1.19% |
3 | Nov 03, 2022 | Dec 01, 2022 | Dec 21, 2022 | $1.00 | 1.21% |
4 | Jul 07, 2022 | Aug 11, 2022 | Aug 31, 2022 | $2.25 | 2.79% |
5 | Jul 08, 2021 | Aug 09, 2021 | Aug 25, 2021 | $3.00 | 3.49% |
FAQ
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