Daily Journal Corp. (S.C.) Stock Forecast
Daily Journal Corp. (S.C.) stock price up 1.24% on Friday
(Updated on May 17, 2024)
The Daily Journal Corp. (S.C.) stock price gained 1.24% on the last trading day (Friday, 17th May 2024), rising from $386.10 to $390.90. During the last trading day the stock fluctuated 1.26% from a day low at $386.03 to a day high of $390.90. The price has risen in 7 of the last 10 days and is up by 5.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $3.37 million.
The stock lies in the middle of a wide and 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 5.17% during the next 3 months and, with a 90% probability hold a price between $356.97 and $432.66 at the end of this 3-month period.
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DJCO Signals & Forecast
Mostly positive signals in the chart today. The Daily Journal Corp. (S.C.) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $383.95 and $360.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 16.62%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Daily Journal Corp. (S.C.) stock
Daily Journal Corp. (S.C.) finds support from accumulated volume at $382.13 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 $4.87 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 0.94%.
The Daily Journal Corp. (S.C.) stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: $378.00 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DJCO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Daily Journal Corp. (S.C.) to open at $389.28, and during the day (based on 14 day Average True Range), to move between $383.61 and $398.19, which gives a possible trading interval of +/-$7.29 (+/-1.86%) up or down from last closing price. If Daily Journal Corp. (S.C.) takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $391.00 (0.03%) than the support at $382.13 (2.24%), 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 Daily Journal Corp. (S.C.) 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 Daily Journal Corp. (S.C.) stock to perform well in the short-term.
Current score: 3.723 Buy Candidate Unchanged
Predicted Opening Price for Daily Journal Corp. (S.C.) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $389.28 ( 0.415%) | $390.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 394.15 | 0.83 % | |
| R2 | 392.29 | 0.355 % | ||
| R1 | 391.14 | 0.0606 % | ||
| Current price: | 390.90 | |||
| Support | S1 | 387.42 | -0.89 % | |
| S2 | 386.27 | -1.19 % | ||
| S3 | 384.41 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 395.44 | 1.16 % | ||
| R1 | 391.00 | 0.0256 % | ||
| Current price | 390.90 | |||
| Support | S1 | 382.13 | -2.24% | |
| S2 | 370.20 | -5.30% | ||
| S3 | 368.88 | -5.63% |
FAQ
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