Great Ajax Corp 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
Great Ajax Corp stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Great Ajax Corp stock price gained 1.45% on the last trading day (Friday, 26th Apr 2024), rising from $3.44 to $3.49. During the last trading day the stock fluctuated 1.45% from a day low at $3.46 to a day high of $3.51. The price has been going up and down for this period, and there has been a -6.68% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $199.21 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -34.24% during the next 3 months and, with a 90% probability hold a price between $1.61 and $2.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AJX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.56%. Further rise is indicated until a new top pivot has been found. Great Ajax Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Great Ajax Corp 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 $3.51 and $3.69. 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 Great Ajax Corp stock
Great Ajax Corp finds support from accumulated volume at $3.47 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 $0.0500 between high and low, or 1.45%. For the last week, the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: $3.29 (-5.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (AJX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Great Ajax Corp to open at $3.49, and during the day (based on 14 day Average True Range), to move between $3.32 and $3.66, which gives a possible trading interval of +/-$0.169 (+/-4.83%) up or down from last closing price. If Great Ajax Corp takes out the full calculated possible swing range there will be an estimated 9.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.47 (0.57%) than the resistance at $3.60 (3.15%), 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
Great Ajax Corp will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0700. We will update the financials statements for Great Ajax Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.57% in the first trading day after earnings release.
Is Great Ajax Corp stock A Buy?
Great Ajax Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.662 Hold/Accumulate Upgraded
Predicted Opening Price for Great Ajax Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $3.49 ( 0.0955%) | $3.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.54 | 1.34 % | |
| R2 | 3.52 | 0.790 % | ||
| R1 | 3.51 | 0.452 % | ||
| Current price: | 3.49 | |||
| Support | S1 | 3.47 | -0.643 % | |
| S2 | 3.46 | -0.98 % | ||
| S3 | 3.44 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | 16.05 % | |
| R2 | 3.98 | 14.04 % | ||
| R1 | 3.60 | 3.15 % | ||
| Current price | 3.49 | |||
| Support | S1 | 3.47 | -0.573% | |
| S2 | 3.46 | -0.86% | ||
| S3 | 3.37 | -3.44% |
AJX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.100 | 2.63% |
| 2 | Nov 02, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.110 | 2.33% |
| 3 | Aug 03, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.200 | 2.96% |
| 4 | May 04, 2023 | May 12, 2023 | May 31, 2023 | $0.200 | 3.64% |
| 5 | Mar 02, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.250 | 3.80% |
FAQ
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