RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DJCO
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Daily Journal Corp. (S.C.) stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Daily Journal Corp. (S.C.) stock price gained 2.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $348.98 to $356.15. During the last trading day the stock fluctuated 1.57% from a day low at $350.66 to a day high of $356.15. The price has fallen in 6 of the last 10 days and is down by -6.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $4.20 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 14.48% during the next 3 months and, with a 90% probability hold a price between $388.98 and $465.24 at the end of this 3-month period.

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DJCO Signals & Forecast

The Daily Journal Corp. (S.C.) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $361.06. On a fall, the stock will find some support from the long-term average at approximately $351.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, February 05, 2024 with a target of $341.65. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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

Daily Journal Corp. (S.C.) finds support from accumulated volume at $341.21 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 $5.49 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.53%.

Our recommended stop-loss: $336.14 (-5.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (DJCO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Daily Journal Corp. (S.C.) to open at $354.32, and during the day (based on 14 day Average True Range), to move between $347.28 and $365.02, which gives a possible trading interval of +/-$8.87 (+/-2.49%) 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 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $368.88 (3.57%) than the support at $341.21 (4.19%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.730 Buy Candidate Upgraded

Predicted Opening Price for Daily Journal Corp. (S.C.) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$354.32 ( 0.514%) $356.15

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 359.81 1.03 %
R2 357.71 0.439 %
R1 356.42 0.0750 %
Current price: 356.15
Support S1 352.22 -1.10 %
S2 350.93 -1.47 %
S3 348.83 -2.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 382.13 7.29 %
R2 370.20 3.94 %
R1 368.88 3.57 %
Current price 356.15
Support S1 341.21 -4.19%
S2 327.60 -8.02%
S3 314.50 -11.69%

FAQ

What is the symbol for Daily Journal Corp. (S.C.) Stock and on which exchange is it traded?
The symbol for Daily Journal Corp. (S.C.) is DJCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Daily Journal Corp. (S.C.) Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Daily Journal Corp. (S.C.) Stock?
Daily Journal Corp. (S.C.) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Daily Journal Corp. (S.C.) Stock.

What's the current price of Daily Journal Corp. (S.C.) Stock?
As of the end of day on the 2024-03-27, the price of an Daily Journal Corp. (S.C.) (DJCO) share was $356.15.

What is the 52-week high and low for Daily Journal Corp. (S.C.) Stock?
The 52-week high for Daily Journal Corp. (S.C.) Stock is $400.41 and the 52-week low is $270.05.

What is the market capitalization of Daily Journal Corp. (S.C.) Stock?
As of the 2024-03-27, the market capitalization of Daily Journal Corp. (S.C.) is 490.429M.

When is the next earnings date for Daily Journal Corp. (S.C.)?
The upcoming earnings date for Daily Journal Corp. (S.C.) is May 13, 2024.
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About Daily Journal Corp. (S.C.)

Daily Journal . (S.C.) Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal,... DJCO Profile

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