Johnson Controls 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
Green day on Friday for Johnson Controls stock after gaining 1.02%
(Updated on Apr 26, 2024)
The Johnson Controls stock price gained 1.02% on the last trading day (Friday, 26th Apr 2024), rising from $64.45 to $65.11. During the last trading day the stock fluctuated 1.49% from a day low at $64.46 to a day high of $65.42. The price has fallen in 6 of the last 10 days and is down by -0.28% for this period. Volume fell on the last day by -274 thousand shares and in total, 5 million shares were bought and sold for approximately $300.32 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 lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $64.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.02% during the next 3 months and, with a 90% probability hold a price between $79.54 and $84.07 at the end of this 3-month period.
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JCI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.84%. 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). The Johnson Controls 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 $64.49 and $64.20. A breakdown below any of these levels will issue sell signals. 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 Johnson Controls stock
On the downside, the stock finds support just below today's level from accumulated volume at $57.07 and $54.49. 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, Johnson Controls finds support just below today's level at $57.07. If this is broken, then the next support from accumulated volume will be at $54.49 and $52.69.
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 $0.96 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $62.78 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (JCI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Johnson Controls to open at $65.00, and during the day (based on 14 day Average True Range), to move between $64.00 and $66.22, which gives a possible trading interval of +/-$1.11 (+/-1.71%) up or down from last closing price. If Johnson Controls takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.17 (0.09%) than the support at $57.07 (12.35%), 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.
Earnings coming up
Johnson Controls will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.750. We will update the financials statements for Johnson Controls, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.02% in the first trading day after earnings release.
Is Johnson Controls stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Johnson Controls stock to perform well in the short-term.
Current score: 3.534 Buy Candidate Unchanged
Predicted Opening Price for Johnson Controls of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $65.00 ( 0.174%) | $65.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.96 | 1.30 % | |
| R2 | 65.59 | 0.737 % | ||
| R1 | 65.36 | 0.389 % | ||
| Current price: | 65.11 | |||
| Support | S1 | 64.63 | -0.737 % | |
| S2 | 64.40 | -1.09 % | ||
| S3 | 64.04 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.50 | 0.599 % | |
| R2 | 65.32 | 0.323 % | ||
| R1 | 65.17 | 0.0922 % | ||
| Current price | 65.11 | |||
| Support | S1 | 57.07 | -12.35% | |
| S2 | 54.49 | -16.31% | ||
| S3 | 52.69 | -19.08% |
JCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 22, 2024 | Apr 19, 2024 | $0.370 | 0.581% |
| 2 | Dec 06, 2023 | Dec 15, 2023 | Jan 12, 2024 | $0.370 | 0.657% |
| 3 | Sep 13, 2023 | Sep 22, 2023 | Oct 20, 2023 | $0.370 | 0.760% |
| 4 | Jun 07, 2023 | Jun 16, 2023 | Jul 14, 2023 | $0.370 | 0.538% |
| 5 | Mar 08, 2023 | Mar 17, 2023 | Apr 14, 2023 | $0.360 | 0.626% |
FAQ
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