Johnson Controls Stock Forecast

Johnson Controls stock price ended at $63.69 on Wednesday, after losing 0.84%.
(Updated on Apr 17, 2024)

JCI Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.00%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Johnson Controls 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 $64.84. On a fall, the stock will find some support from the long-term average at approximately $63.34. 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.

Support, Risk & Stop-loss for Johnson Controls stock

On the downside, the stock finds support just below today's level from accumulated volume at $57.07 and $54.49. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Johnson Controls finds support just below today's level at $57.07. If this is broken, then the next support from accumulated volume will be at $54.49 and $52.69.

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 $1.62 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 2.21%.

Our recommended stop-loss: $61.13 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (JCI) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Johnson Controls to open at $63.88, and during the day (based on 14 day Average True Range), to move between $62.58 and $64.80, which gives a possible trading interval of +/-$1.11 (+/-1.75%) up or down from last closing price. If Johnson Controls takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.39 (1.10%) than the support at $57.07 (10.39%), 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 Johnson Controls stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.713 Buy Candidate Unchanged

Predicted Opening Price for Johnson Controls of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.