Jackson Investments Ltd Stock Forecast
Jackson Investments Ltd stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Jackson Investments Ltd stock price gained 4.55% on the last trading day (Friday, 28th Jun 2024), rising from ₹0.88 to ₹0.92. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at ₹0.92 to a day high of ₹0.92. The price has risen in 8 of the last 10 days and is up by 31.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 139 thousand shares were bought and sold for approximately ₹127.68 thousand.
Given the current short-term trend, the stock is expected to fall -25.42% during the next 3 months and, with a 90% probability hold a price between ₹0.427 and ₹0.686 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JACKSON.BO Signals & Forecast
Mostly positive signals in the chart today. The Jackson Investments Ltd 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 ₹0.83 and ₹0.742. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 43.75%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Jackson Investments Ltd 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.
Support, Risk & Stop-loss for Jackson Investments Ltd stock
Jackson Investments Ltd finds support from accumulated volume at ₹0.91 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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: ₹0.89 (-3.75%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (JACKSON.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jackson Investments Ltd to open at ₹0.92, and during the day (based on 14 day Average True Range), to move between ₹0.88 and ₹0.96, which gives a possible trading interval of +/-₹0.0436 (+/-4.74%) up or down from last closing price. If Jackson Investments Ltd takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹0.91 (1.09%) than the resistance at ₹0.96 (4.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jackson Investments Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.405 Buy Candidate Upgraded
Predicted Opening Price for Jackson Investments Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹0.92 ( 0%) | ₹0.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JACKSON.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.92 | - |
| R2 | 0.92 | - |
| R1 | 0.92 | - |
| Price | 0.92 | |
| S1 | 0.92 | - |
| S2 | 0.92 | - |
| S3 | 0.92 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.99 | 7.61% |
| R2 | 0.98 | 6.52% |
| R1 | 0.96 | 4.35% |
| Price | 0.92 | |
| S1 | 0.91 | -1.09% |
| S2 | 0.80 | -13.04% |
| S3 | 0.770 | -16.30% |
FAQ
Click here for our free guide on how to buy Jackson Investments Ltd Stock.
