Jollibee Foods Corporation Stock Forecast
Jollibee Foods Corporation stock price up 1.52% on Thursday
(Updated on May 09, 2024)
The Jollibee Foods Corporation stock price gained 1.52% on the last trading day (Thursday, 9th May 2024), rising from $3.94 to $4.00. During the last trading day the stock fluctuated 0% from a day low at $4.00 to a day high of $4.00. The price has fallen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 422 more shares were traded than the day before. In total, 522 shares were bought and sold for approximately $2.09 thousand.
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 -17.72% during the next 3 months and, with a 90% probability hold a price between $3.05 and $3.47 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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JBFCF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.56%. 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). Jollibee Foods Corporation 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jollibee Foods Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.19. On a fall, the stock will find some support from the short-term average at $3.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Jollibee Foods Corporation stock
Jollibee Foods Corporation finds support from accumulated volume at $3.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $3.78 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (JBFCF) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Jollibee Foods Corporation to open at $4.00, and during the day (based on 14 day Average True Range), to move between $3.92 and $4.08, which gives a possible trading interval of +/-$0.0794 (+/-1.98%) up or down from last closing price. If Jollibee Foods Corporation takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.03 (0.85%) than the support at $3.95 (1.25%), 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 Jollibee Foods Corporation stock A Buy?
Jollibee Foods Corporation 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.
Current score: -0.866 Hold/Accumulate Unchanged
Predicted Opening Price for Jollibee Foods Corporation of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $4.00 ( 0%) | $4.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JBFCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | . | |
| R2 | 4.00 | . | ||
| R1 | 4.00 | . | ||
| Current price: | 4.00 | |||
| Support | S1 | 4.00 | . | |
| S2 | 4.00 | . | ||
| S3 | 4.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.76 | 19.00 % | |
| R2 | 4.50 | 12.50 % | ||
| R1 | 4.03 | 0.85 % | ||
| Current price | 4.00 | |||
| Support | S1 | 3.95 | -1.25% | |
| S2 | 3.91 | -2.25% | ||
| S3 | 3.90 | -2.50% |
JBFCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 23, 2024 | $0.0200 | 0.500% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Nov 24, 2023 | $0 | 0% |
| 3 | May 02, 2023 | May 02, 2023 | May 02, 2023 | $1.07 | 26.88% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | May 22, 2023 | $0.0192 | 0.473% |
| 5 | Nov 18, 2022 | Nov 18, 2022 | May 05, 2017 | $0.0210 | 0.500% |
FAQ
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