Jones Lang LaSalle Incorporated Stock Forecast
Jones Lang LaSalle Incorporated stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Jones Lang LaSalle Incorporated stock price gained 1.98% on the last trading day (Thursday, 2nd May 2024), rising from $180.41 to $183.99. During the last trading day the stock fluctuated 2.21% from a day low at $180.42 to a day high of $184.41. The price has risen in 6 of the last 10 days and is up by 5.14% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 201 thousand shares were bought and sold for approximately $36.93 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 Jones Lang LaSalle Incorporated stock with a 90% probability to be traded between $175.75 and $201.28 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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JLL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.11%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jones Lang LaSalle Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $185.63. On a fall, the stock will find some support from the short-term average at $181.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Jones Lang LaSalle Incorporated stock
Jones Lang LaSalle Incorporated finds support from accumulated volume at $183.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.99 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $176.15 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (JLL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Jones Lang LaSalle Incorporated to open at $182.94, and during the day (based on 14 day Average True Range), to move between $179.89 and $188.09, which gives a possible trading interval of +/-$4.10 (+/-2.23%) up or down from last closing price. If Jones Lang LaSalle Incorporated takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $183.70 (0.16%) than the resistance at $190.24 (3.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Jones Lang LaSalle Incorporated will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.85. We will update the financials statements for Jones Lang LaSalle Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.34% in the first trading day after earnings release.
Is Jones Lang LaSalle Incorporated 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 Jones Lang LaSalle Incorporated 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: 2.740 Buy Candidate Upgraded
Predicted Opening Price for Jones Lang LaSalle Incorporated of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$182.94 ( 0.572%) | $183.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JLL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 186.92 | 1.59 % | |
R2 | 185.40 | 0.767 % | ||
R1 | 184.46 | 0.256 % | ||
Current price: | 183.99 | |||
Support | S1 | 181.42 | -1.40 % | |
S2 | 180.48 | -1.91 % | ||
S3 | 178.95 | -2.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 192.73 | 4.75 % | |
R2 | 191.53 | 4.10 % | ||
R1 | 190.24 | 3.40 % | ||
Current price | 183.99 | |||
Support | S1 | 183.70 | -0.158% | |
S2 | 183.68 | -0.168% | ||
S3 | 179.42 | -2.48% |
JLL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 05, 2019 | Nov 14, 2019 | Dec 13, 2019 | $0.430 | 0.253% |
2 | Sep 26, 2019 | Sep 26, 2019 | Sep 26, 2019 | $0.0400 | 0.0287% |
3 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | $0.135 | 0.0996% |
4 | May 07, 2019 | May 16, 2019 | Jun 14, 2019 | $0.430 | 0.323% |
5 | Nov 06, 2018 | Nov 15, 2018 | Dec 14, 2018 | $0.410 | 0.308% |
FAQ
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