Jack Henry & Associates Stock Forecast
Jack Henry & Associates stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)
The Jack Henry & Associates stock price gained 0.85% on the last trading day (Thursday, 28th Mar 2024), rising from $172.26 to $173.73. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.00% from a day low at $172.46 to a day high of $174.19. The price has risen in 7 of the last 10 days and is up by 1.71% over the past 2 weeks. Volume fell on the last day by -206 thousand shares and in total, 360 thousand shares were bought and sold for approximately $62.61 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.21% during the next 3 months and, with a 90% probability hold a price between $173.09 and $186.31 at the end of this 3-month period.
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JKHY Signals & Forecast
The Jack Henry & Associates stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $170.06 and $172.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 4.81%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jack Henry & Associates stock
Jack Henry & Associates finds support from accumulated volume at $169.18 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 $1.73 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $166.95 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (JKHY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jack Henry & Associates to open at $173.46, and during the day (based on 14 day Average True Range), to move between $170.95 and $176.51, which gives a possible trading interval of +/-$2.78 (+/-1.60%) up or down from last closing price. If Jack Henry & Associates takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $174.05 (0.18%) than the support at $169.18 (2.62%), 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 Jack Henry & Associates stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jack Henry & Associates stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.459 Buy Candidate Upgraded
Predicted Opening Price for Jack Henry & Associates of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$173.46 ( 0.156%) | $173.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JKHY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 175.19 | 0.84 % | |
R2 | 174.53 | 0.460 % | ||
R1 | 174.12 | 0.225 % | ||
Current price: | 173.73 | |||
Support | S1 | 172.80 | -0.537 % | |
S2 | 172.39 | -0.772 % | ||
S3 | 171.73 | -1.15 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 175.26 | 0.88 % | |
R2 | 174.08 | 0.201 % | ||
R1 | 174.05 | 0.184 % | ||
Current price | 173.73 | |||
Support | S1 | 169.18 | -2.62% | |
S2 | 166.67 | -4.06% | ||
S3 | 165.83 | -4.55% |
JKHY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 12, 2024 | Mar 08, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
2 | Feb 09, 2024 | Mar 07, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
3 | Nov 14, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.520 | 0.315% |
4 | Aug 18, 2023 | Sep 07, 2023 | Sep 28, 2023 | $0.520 | 0.343% |
5 | May 12, 2023 | May 25, 2023 | Jun 15, 2023 | $0.520 | 0.314% |
FAQ
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