Jones Tech PLC Stock Forecast
High volatility in Jones Tech PLC stock price on Friday which ended trading at ¥15.32
(Updated on Apr 26, 2024)
The Jones Tech PLC stock price gained 3.16% on the last trading day (Friday, 26th Apr 2024), rising from ¥14.85 to ¥15.32. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.39% from a day low at ¥13.80 to a day high of ¥15.51. The price has been going up and down for this period, and there has been a 4.64% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 10 million shares were bought and sold for approximately ¥158.03 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 middle of a very 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 9.92% during the next 3 months and, with a 90% probability hold a price between ¥13.78 and ¥22.07 at the end of this 3-month period.
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300684.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 19.69%. 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 Tech PLC 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 ¥15.99. On a fall, the stock will find some support from the short-term average at ¥14.25. 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 Tech PLC stock
Jones Tech PLC finds support from accumulated volume at ¥14.85 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 ¥1.71 between high and low, or 12.39%. For the last week, the stock has had daily average volatility of 7.25%.
Our recommended stop-loss: ¥14.79 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (300684.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Jones Tech PLC to open at ¥14.88, and during the day (based on 14 day Average True Range), to move between ¥14.12 and ¥16.52, which gives a possible trading interval of +/-¥1.20 (+/-7.85%) up or down from last closing price. If Jones Tech PLC takes out the full calculated possible swing range there will be an estimated 15.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥14.85 (3.07%) than the resistance at ¥16.26 (6.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jones Tech PLC stock A Buy?
Jones Tech PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.844 Hold/Accumulate Unchanged
Predicted Opening Price for Jones Tech PLC of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥14.88 ( 2.89%) | ¥15.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300684.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.59 | 8.27 % | |
| R2 | 15.93 | 4.00 % | ||
| R1 | 15.53 | 1.37 % | ||
| Current price: | 15.32 | |||
| Support | S1 | 14.22 | -7.16 % | |
| S2 | 13.82 | -9.79 % | ||
| S3 | 13.17 | -14.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.95 | 23.69 % | |
| R2 | 17.08 | 11.49 % | ||
| R1 | 16.26 | 6.14 % | ||
| Current price | 15.32 | |||
| Support | S1 | 14.85 | -3.07% | |
| S2 | 14.60 | -4.70% | ||
| S3 | 13.66 | -10.84% |
300684 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ¥0.650 | 2.64% |
| 2 | May 27, 2022 | May 27, 2022 | May 27, 2022 | ¥0.430 | 3.52% |
| 3 | Jun 02, 2021 | Jun 02, 2021 | Jun 02, 2021 | ¥0.630 | 3.26% |
| 4 | May 25, 2020 | May 25, 2020 | May 25, 2020 | ¥0.420 | 1.53% |
| 5 | Jun 03, 2019 | Jun 03, 2019 | Jun 03, 2019 | ¥0.113 | 0.557% |
FAQ
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