Jamf Holding Corp Stock Forecast
Evaluation of Jamf Holding Corp stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Jamf Holding Corp stock price gained 0.0541% on the last trading day (Thursday, 18th Apr 2024), rising from $18.50 to $18.51. It has now gained 3 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 3.91% from a day low at $18.14 to a day high of $18.85. The price has risen in 7 of the last 10 days and is up by 4.34% 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, 141 thousand more shares were traded than the day before. In total, 512 thousand shares were bought and sold for approximately $9.47 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.93% during the next 3 months and, with a 90% probability hold a price between $14.53 and $17.47 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.
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JAMF Signals & Forecast
The Jamf Holding Corp 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 $18.28 and $17.96. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jamf Holding Corp stock
Jamf Holding Corp finds support from accumulated volume at $18.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.710 between high and low, or 3.91%. For the last week the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: $17.72 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (JAMF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Jamf Holding Corp to open at $18.50, and during the day (based on 14 day Average True Range), to move between $17.97 and $19.05, which gives a possible trading interval of +/-$0.537 (+/-2.90%) up or down from last closing price. If Jamf Holding Corp takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.01 (2.70%) than the resistance at $19.48 (5.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jamf Holding Corp stock A Buy?
Jamf Holding Corp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.804 Hold/Accumulate Downgraded
Predicted Opening Price for Jamf Holding Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $18.50 ( 0.0540%) | $18.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAMF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.21 | 3.78 % | |
| R2 | 18.94 | 2.32 % | ||
| R1 | 18.77 | 1.41 % | ||
| Current price: | 18.51 | |||
| Support | S1 | 18.23 | -1.52 % | |
| S2 | 18.06 | -2.42 % | ||
| S3 | 17.79 | -3.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.79 | 12.32 % | |
| R2 | 19.96 | 7.83 % | ||
| R1 | 19.48 | 5.24 % | ||
| Current price | 18.51 | |||
| Support | S1 | 18.01 | -2.70% | |
| S2 | 17.99 | -2.81% | ||
| S3 | 17.85 | -3.57% |
JAMF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 23, 2019 | Dec 23, 2019 | Dec 27, 2019 | $0.188 | 0.701% |
| 2 | Sep 24, 2019 | Sep 24, 2019 | Sep 27, 2019 | $0.0850 | 0.341% |
| 3 | Feb 25, 2019 | Jun 24, 2019 | Jun 28, 2019 | $0.580 | 2.37% |
| 4 | Feb 01, 2018 | Dec 24, 2018 | Dec 28, 2018 | $0.130 | 0% |
FAQ
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