John B. Sanfilippo & Son Stock Forecast
John B. Sanfilippo & Son stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The John B. Sanfilippo & Son stock price gained 0.794% on the last trading day (Wednesday, 27th Mar 2024), rising from $104.58 to $105.41. During the last trading day the stock fluctuated 1.31% from a day low at $104.82 to a day high of $106.19. The price has been going up and down for this period, and there has been a 1.12% gain 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, 11 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $6.01 million.
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 $98.21 and $108.54 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
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 $106.13. On a fall, the stock will find some support from the long-term average at approximately $102.37. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for John B. Sanfilippo & Son stock
John B. Sanfilippo & Son finds support from accumulated volume at $104.20 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 $1.37 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $100.79 (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (JBSS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect John B. Sanfilippo & Son to open at $105.47, and during the day (based on 14 day Average True Range), to move between $103.23 and $107.59, which gives a possible trading interval of +/-$2.18 (+/-2.07%) 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 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $105.43 (0.02%) than the support at $104.20 (1.15%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.589 Buy Candidate Upgraded
Predicted Opening Price for John B. Sanfilippo & Son of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$105.47 ( 0.0601%) | $105.41 |
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 | 106.84 | 1.36 % | |
R2 | 106.32 | 0.86 % | ||
R1 | 106.00 | 0.557 % | ||
Current price: | 105.41 | |||
Support | S1 | 104.95 | -0.436 % | |
S2 | 104.63 | -0.743 % | ||
S3 | 104.10 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.67 | 2.14 % | |
R2 | 106.35 | 0.89 % | ||
R1 | 105.43 | 0.0190 % | ||
Current price | 105.41 | |||
Support | S1 | 104.20 | -1.15% | |
S2 | 100.89 | -4.29% | ||
S3 | 97.71 | -7.30% |
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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