James Fisher and Sons plc Stock Forecast
James Fisher and Sons plc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of James Fisher and Sons plc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.91% from a day low at £273.78 to a day high of £279.00. The price has fallen in 5 of the last 10 days but is still up by 1.45% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect James Fisher and Sons plc stock with a 90% probability to be traded between £244.51 and £291.08 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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FSJ.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -4.45%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The James Fisher and Sons 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 £276.43 and £267.29. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for James Fisher and Sons plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £260.00 and £253.00. 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, James Fisher and Sons plc finds support just below today's level at £260.00. If this is broken, then the next support from accumulated volume will be at £253.00 and £251.00.
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 £5.22 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: £266.32 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (FSJ.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect James Fisher and Sons plc to open at £277.26, and during the day (based on 14 day Average True Range), to move between £267.29 and £290.71, which gives a possible trading interval of +/-£11.71 (+/-4.20%) up or down from last closing price. If James Fisher and Sons plc takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £288.00 (3.23%) than the support at £260.00 (6.81%), 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 James Fisher and Sons plc stock A Buy?
James Fisher and Sons 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.660 Hold/Accumulate Upgraded
Predicted Opening Price for James Fisher and Sons plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £277.26 ( 0.624%) | £279.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 282.48 | 1.25 % | |
| R2 | 280.49 | 0.533 % | ||
| R1 | 279.25 | 0.0911 % | ||
| Current price: | 279.00 | |||
| Support | S1 | 275.27 | -1.34 % | |
| S2 | 274.03 | -1.78 % | ||
| S3 | 272.04 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 292.00 | 4.66 % | |
| R2 | 291.00 | 4.30 % | ||
| R1 | 288.00 | 3.23 % | ||
| Current price | 279.00 | |||
| Support | S1 | 260.00 | -6.81% | |
| S2 | 253.00 | -9.32% | ||
| S3 | 251.00 | -10.04% |
FSJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2020 | Oct 01, 2020 | Nov 06, 2020 | £8.00 | 1.00% |
| 2 | Feb 27, 2020 | Apr 02, 2020 | May 08, 2020 | £23.40 | 1.96% |
| 3 | Aug 28, 2019 | Oct 03, 2019 | Nov 01, 2019 | £11.30 | 0.562% |
| 4 | Feb 26, 2019 | Apr 04, 2019 | May 10, 2019 | £21.30 | 1.06% |
| 5 | Aug 29, 2018 | Oct 04, 2018 | Nov 02, 2018 | £10.30 | 0.566% |
FAQ
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