Jaguar Mining Inc. Stock Forecast
Jaguar Mining Inc. stock price up 1.72% on Wednesday
(Updated on Apr 24, 2024)
The Jaguar Mining Inc. stock price gained 1.72% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.90 to $2.95. During the last trading day the stock fluctuated 3.47% from a day low at $2.88 to a day high of $2.98. The price has risen in 7 of the last 10 days and is up by 9.67% 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, 5 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $179.61 thousand.
The stock lies in the middle of a very 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 89.48% during the next 3 months and, with a 90% probability hold a price between $4.76 and $6.16 at the end of this 3-month period.
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JAG.TO Signals & Forecast
The Jaguar Mining Inc. 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 $2.97. On a fall, the stock will find some support from the long-term average at approximately $2.56. 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. Jaguar Mining Inc. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.22%. 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).
Support, Risk & Stop-loss for Jaguar Mining Inc. stock
Jaguar Mining Inc. finds support from accumulated volume at $2.91 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 $0.100 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 4.60%.
Our recommended stop-loss: $2.81 (-4.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (JAG.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Jaguar Mining Inc. to open at $2.94, and during the day (based on 14 day Average True Range), to move between $2.81 and $3.09, which gives a possible trading interval of +/-$0.138 (+/-4.67%) up or down from last closing price. If Jaguar Mining Inc. takes out the full calculated possible swing range there will be an estimated 9.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.99 (1.36%) than the support at $2.91 (1.36%), 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 Jaguar Mining Inc. 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 Jaguar Mining Inc. stock to perform well in the short-term.
Current score: 2.289 Buy Candidate Unchanged
Predicted Opening Price for Jaguar Mining Inc. of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$2.94 ( 0.452%) | $2.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAG.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.04 | 2.94 % | |
R2 | 3.00 | 1.64 % | ||
R1 | 2.97 | 0.84 % | ||
Current price: | 2.95 | |||
Support | S1 | 2.90 | -1.75 % | |
S2 | 2.87 | -2.55 % | ||
S3 | 2.84 | -3.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.08 | 4.41 % | |
R2 | 3.05 | 3.39 % | ||
R1 | 2.99 | 1.36 % | ||
Current price | 2.95 | |||
Support | S1 | 2.91 | -1.36% | |
S2 | 2.68 | -9.15% | ||
S3 | 2.44 | -17.29% |
JAG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 22, 2022 | Aug 22, 2022 | Aug 31, 2022 | $0.0400 | 1.37% |
2 | May 19, 2022 | May 19, 2022 | May 31, 2022 | $0.0400 | 1.37% |
3 | Mar 24, 2022 | Mar 24, 2022 | Mar 31, 2022 | $0.0400 | 0.97% |
4 | Nov 22, 2021 | Nov 22, 2021 | Nov 30, 2021 | $0.0400 | 0.92% |
5 | Aug 10, 2021 | Aug 20, 2021 | Aug 30, 2021 | $0.0400 | 0.90% |
FAQ
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