John Bean Technologies Corp Stock Forecast
Stronger technical forecast for John Bean Technologies Corp stock price after Friday trading.
(Updated on May 17, 2024)
The John Bean Technologies Corp stock price gained 0.0642% on the last trading day (Friday, 17th May 2024), rising from $93.49 to $93.55. During the last trading day the stock fluctuated 1.35% from a day low at $93.00 to a day high of $94.26. The price has risen in 7 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 198 thousand shares were bought and sold for approximately $18.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -11.83% during the next 3 months and, with a 90% probability hold a price between $75.15 and $85.97 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JBT Signals & Forecast
The John Bean Technologies Corp 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 $94.15. On a fall, the stock will find some support from the long-term average at approximately $93.31. 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. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.57%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for John Bean Technologies Corp stock
John Bean Technologies Corp finds support from accumulated volume at $90.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.26 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $89.01 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (JBT) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect John Bean Technologies Corp to open at $93.60, and during the day (based on 14 day Average True Range), to move between $91.21 and $95.89, which gives a possible trading interval of +/-$2.34 (+/-2.50%) up or down from last closing price. If John Bean Technologies Corp takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.77 (1.30%) than the support at $90.38 (3.39%), 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 John Bean Technologies Corp stock A Buy?
John Bean Technologies 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.451 Hold/Accumulate Upgraded
Predicted Opening Price for John Bean Technologies Corp of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$93.60 ( 0.0570%) | $93.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JBT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 94.86 | 1.40 % | |
R2 | 94.38 | 0.89 % | ||
R1 | 94.08 | 0.572 % | ||
Current price: | 93.55 | |||
Support | S1 | 93.12 | -0.457 % | |
S2 | 92.82 | -0.775 % | ||
S3 | 92.34 | -1.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 98.89 | 5.71 % | |
R2 | 97.24 | 3.94 % | ||
R1 | 94.77 | 1.30 % | ||
Current price | 93.55 | |||
Support | S1 | 90.38 | -3.39% | |
S2 | 90.36 | -3.41% | ||
S3 | 88.84 | -5.03% |
JBT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 10, 2024 | May 22, 2024 | Jun 06, 2024 | $0.100 | 0.107% |
2 | Feb 28, 2024 | Mar 08, 2024 | Mar 25, 2024 | $0.100 | 0.101% |
3 | Dec 06, 2023 | Dec 15, 2023 | Jan 02, 2024 | $0.100 | 0.103% |
4 | Aug 10, 2023 | Aug 18, 2023 | Sep 05, 2023 | $0.100 | 0.0939% |
5 | May 12, 2023 | May 24, 2023 | Jun 08, 2023 | $0.100 | 0.0842% |
FAQ
Click here for our free guide on how to buy John Bean Technologies Corp Stock.