Jabil Circuit, Inc Stock Forecast
Green day on Friday for Jabil Circuit, Inc
(Updated on May 03, 2024)
The Jabil Circuit, Inc stock price gained 1.70% on the last trading day (Friday, 3rd May 2024), rising from $115.26 to $117.22. During the last trading day the stock fluctuated 1.78% from a day low at $115.35 to a day high of $117.40. The price has been going up and down for this period, and there has been a -1.29% loss for the last 2 weeks. Volume fell on the last day by -114 thousand shares and in total, 1 million shares were bought and sold for approximately $126.67 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $113.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.33% during the next 3 months and, with a 90% probability hold a price between $98.53 and $121.85 at the end of this 3-month period.
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JBL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.48%. 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. The Jabil Circuit, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $117.26 and $128.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jabil Circuit, Inc stock
Jabil Circuit, Inc finds support from accumulated volume at $115.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.05 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.82%.
Jabil Circuit, Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JBL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jabil Circuit, Inc to open at $116.66, and during the day (based on 14 day Average True Range), to move between $113.40 and $121.04, which gives a possible trading interval of +/-$3.82 (+/-3.26%) up or down from last closing price. If Jabil Circuit, Inc takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $118.75 (1.31%) than the support at $115.26 (1.67%), 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 Jabil Circuit, Inc stock A Buy?
Jabil Circuit, Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.371 Sell Candidate Unchanged
Predicted Opening Price for Jabil Circuit, Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $116.66 ( 0.481%) | $117.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JBL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.71 | 1.27 % | |
| R2 | 117.92 | 0.600 % | ||
| R1 | 117.44 | 0.187 % | ||
| Current price: | 117.22 | |||
| Support | S1 | 115.87 | -1.15 % | |
| S2 | 115.39 | -1.56 % | ||
| S3 | 114.61 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.18 | 5.94 % | |
| R2 | 123.15 | 5.06 % | ||
| R1 | 118.75 | 1.31 % | ||
| Current price | 117.22 | |||
| Support | S1 | 115.26 | -1.67% | |
| S2 | 114.38 | -2.42% | ||
| S3 | 0 | . |
JBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 04, 2024 | $0.0800 | 0.0682% |
| 2 | Jan 25, 2024 | Feb 14, 2024 | Mar 04, 2024 | $0.0800 | 0.0538% |
| 3 | Oct 19, 2023 | Nov 14, 2023 | Dec 04, 2023 | $0.0800 | 0.0694% |
| 4 | Jul 20, 2023 | Aug 14, 2023 | Sep 05, 2023 | $0.0800 | 0.0709% |
| 5 | Apr 20, 2023 | May 12, 2023 | Sep 05, 2023 | $0.0800 | 0.0709% |
FAQ
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