Jones Tech PLC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Jones Tech PLC stock price on Wednesday moving between ¥15.69 and ¥17.39
(Updated on May 08, 2024)
The Jones Tech PLC stock price fell by -0.796% on the last day (Wednesday, 8th May 2024) from ¥16.33 to ¥16.20. During the last trading day the stock fluctuated 10.83% from a day low at ¥15.69 to a day high of ¥17.39. The price has risen in 7 of the last 10 days and is up by 17.99% over the past 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥243.62 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jones Tech PLC stock with a 90% probability to be traded between ¥12.62 and ¥18.60 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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300684.SZ Signals & Forecast
The Jones Tech PLC 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 ¥15.75 and ¥15.75. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jones Tech PLC stock
Jones Tech PLC finds support from accumulated volume at ¥15.92 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 ¥1.70 between high and low, or 10.83%. For the last week, the stock has had daily average volatility of 7.85%.
Our recommended stop-loss: ¥15.71 (-3.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (300684.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Jones Tech PLC to open at ¥16.43, and during the day (based on 14 day Average True Range), to move between ¥14.98 and ¥17.42, which gives a possible trading interval of +/-¥1.22 (+/-7.50%) up or down from last closing price. If Jones Tech PLC takes out the full calculated possible swing range there will be an estimated 15.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥16.26 (0.37%) than the support at ¥15.92 (1.73%), 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.
Earnings coming up
Jones Tech PLC will release earnings BMO on Thursday, May 16, 2024. We will update the financials statements for Jones Tech PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.20% in the first trading day after earnings release.
Is Jones Tech PLC 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 Tech PLC 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: 1.785 Buy Candidate Upgraded
Predicted Opening Price for Jones Tech PLC of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥16.43 ( 1.40%) | ¥16.20 |
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 | 18.13 | 11.89 % | |
| R2 | 17.48 | 7.88 % | ||
| R1 | 17.08 | 5.41 % | ||
| Current price: | 16.20 | |||
| Support | S1 | 15.78 | -2.61 % | |
| S2 | 15.38 | -5.09 % | ||
| S3 | 14.73 | -9.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.95 | 16.98 % | |
| R2 | 17.08 | 5.43 % | ||
| R1 | 16.26 | 0.370 % | ||
| Current price | 16.20 | |||
| Support | S1 | 15.92 | -1.73% | |
| S2 | 14.85 | -8.33% | ||
| S3 | 13.66 | -15.68% |
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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