Jatcorp Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Jatcorp Ltd stock price on Friday moving between A$0.595 and A$0.660
(Updated on Jun 28, 2024)
The Jatcorp Ltd stock price gained 11.86% on the last trading day (Friday, 28th Jun 2024), rising from A$0.590 to A$0.660. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 10.92% from a day low at A$0.595 to a day high of A$0.660. The price has risen in 8 of the last 10 days and is up by 32% 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, 87 thousand more shares were traded than the day before. In total, 183 thousand shares were bought and sold for approximately A$120.95 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 69.68% during the next 3 months and, with a 90% probability hold a price between A$0.81 and A$1.27 at the end of this 3-month period.
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JAT.AX Signals & Forecast
The Jatcorp 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 A$0.542 and A$0.479. A breakdown below any of these levels will issue sell signals. Jatcorp 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. 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 Wednesday, June 05, 2024, and so far it has fallen -0.752%. 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 Jatcorp Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at A$0.580 and A$0.560. 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, Jatcorp Ltd finds support just below today's level at A$0.580. If this is broken, then the next support from accumulated volume will be at A$0.560 and A$0.515.
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 A$0.0650 between high and low, or 10.92%. For the last week, the stock has had daily average volatility of 9.21%.
Since the Jatcorp Ltd has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: A$0.634 (-3.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (JAT.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jatcorp Ltd to open at A$0.638, and during the day (based on 14 day Average True Range), to move between A$0.618 and A$0.702, which gives a possible trading interval of +/-A$0.0419 (+/-6.34%) up or down from last closing price. If Jatcorp Ltd takes out the full calculated possible swing range there will be an estimated 12.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at A$0.665 (0.76%) than the support at A$0.580 (12.12%), 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 Jatcorp Ltd stock A Buy?
Jatcorp Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.684 Strong Buy Candidate Upgraded
Predicted Opening Price for Jatcorp Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$0.638 ( 3.28%) | A$0.660 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.703 | 6.57% |
| R2 | 0.679 | 2.80% |
| R1 | 0.663 | 0.479% |
| Price | 0.660 | |
| S1 | 0.614 | -7.04% |
| S2 | 0.598 | -9.37% |
| S3 | 0.573 | -13.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.665 | 0.758% |
| Price | 0.660 | |
| S1 | 0.580 | -12.12% |
| S2 | 0.560 | -15.15% |
| S3 | 0.515 | -21.97% |
FAQ
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