John B. Sanfilippo & Son Stock Forecast
Stronger technical forecast for John B. Sanfilippo & Son stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The John B. Sanfilippo & Son stock price gained 1.90% on the last trading day (Tuesday, 23rd Apr 2024), rising from $98.33 to $100.20. 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 2.35% from a day low at $98.31 to a day high of $100.62. The price has been going up and down for this period, and there has been a -2.5% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $5.21 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 -2.44% during the next 3 months and, with a 90% probability hold a price between $93.60 and $104.21 at the end of this 3-month period.
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JBSS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. 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. The John B. Sanfilippo & Son 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 $102.49. On a fall, the stock will find some support from the short-term average at $97.75. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for John B. Sanfilippo & Son stock
John B. Sanfilippo & Son finds support from accumulated volume at $99.50 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 $2.31 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $95.43 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (JBSS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect John B. Sanfilippo & Son to open at $99.71, and during the day (based on 14 day Average True Range), to move between $98.20 and $102.20, which gives a possible trading interval of +/-$2.00 (+/-1.99%) up or down from last closing price. If John B. Sanfilippo & Son takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $99.50 (0.70%) than the resistance at $102.06 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is John B. Sanfilippo & Son stock A Buy?
John B. Sanfilippo & Son 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.103 Hold/Accumulate Upgraded
Predicted Opening Price for John B. Sanfilippo & Son of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $99.71 ( 0.489%) | $100.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JBSS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.02 | 1.82 % | |
| R2 | 101.14 | 0.94 % | ||
| R1 | 100.59 | 0.392 % | ||
| Current price: | 100.20 | |||
| Support | S1 | 98.83 | -1.37 % | |
| S2 | 98.28 | -1.91 % | ||
| S3 | 97.40 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.67 | 7.46 % | |
| R2 | 104.20 | 3.99 % | ||
| R1 | 102.06 | 1.86 % | ||
| Current price | 100.20 | |||
| Support | S1 | 99.50 | -0.699% | |
| S2 | 99.39 | -0.81% | ||
| S3 | 97.71 | -2.49% |
JBSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Aug 21, 2023 | Sep 13, 2023 | $2.00 | 1.95% |
| 2 | May 02, 2023 | May 31, 2023 | Jun 22, 2023 | $1.50 | 1.19% |
| 3 | Nov 03, 2022 | Dec 01, 2022 | Dec 21, 2022 | $1.00 | 1.21% |
| 4 | Jul 07, 2022 | Aug 11, 2022 | Aug 31, 2022 | $2.25 | 2.79% |
| 5 | Jul 08, 2021 | Aug 09, 2021 | Aug 25, 2021 | $3.00 | 3.49% |
FAQ
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