Daily Journal Corp. (S.C.) Stock Forecast

Buy or Hold candidate since Nov 01, 2024 Gain 17.65%

The Daily Journal Corp. (S.C.) stock price fell by -0.96% on the last day (Thursday, 5th Dec 2024) from $586.12 to $580.50. During the last trading day the stock fluctuated 1.81% from a day low at $576.00 to a day high of $586.42. The price has fallen in 6 of the last 10 days but is still up by 3.36% over the past 2 weeks. Volume has increased on the last day by 14 thousand 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, 22 thousand shares were bought and sold for approximately $12.79 million.

The stock lies in the middle of a wide and strong 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 24.01% during the next 3 months and, with a 90% probability hold a price between $658.36 and $771.83 at the end of this 3-month period.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

DJCO Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 11, 2024, and so far it has fallen -1.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $575.26 and $539.90. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Daily Journal Corp. (S.C.) stock

On the downside, the stock finds support just below today's level from accumulated volume at $501.31 and $487.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Daily Journal Corp. (S.C.) finds support just below today's level at $501.31. If this is broken, then the next support from accumulated volume will be at $487.61 and $471.78.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $10.42 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.

Our recommended stop-loss: $563.46 (-2.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (DJCO) For The Upcoming Trading Day Of Friday 6th

For the upcoming trading day on Friday, 6th we expect Daily Journal Corp. (S.C.) to open at $580.97, and during the day (based on 14 day Average True Range), to move between $566.18 and $594.82, which gives a possible trading interval of +/-$14.32 (+/-2.47%) 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 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $582.02 (0.26%) than the support at $501.31 (13.64%), 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: 1.490 Buy Candidate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on December 6, 2024 - $580.97 ( 0.0815%).