Jersey Electricity plc Class A Stock Forecast
Jersey Electricity plc Class A stock price ended at £442.00 on Friday, after losing 0.674%.
(Updated on May 03, 2024)
The Jersey Electricity plc Class A stock price fell by -0.674% on the last day (Friday, 3rd May 2024) from £445.00 to £442.00. During the last trading day the stock fluctuated 0.81% from a day low at £442.00 to a day high of £445.57. The price has fallen in 5 of the last 10 days and is down by -0.67% for this period. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately £6.50 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 -2.84% during the next 3 months and, with a 90% probability hold a price between £398.54 and £449.54 at the end of this 3-month period.
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JEL.L Signals & Forecast
The Jersey Electricity plc Class A 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 £451.57. On a fall, the stock will find some support from the long-term average at approximately £436.18. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, April 25, 2024, and so far it has fallen -4.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jersey Electricity plc Class A stock
Jersey Electricity plc Class A finds support from accumulated volume at £435.00 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 £3.57 between high and low, or 0.81%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JEL.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Jersey Electricity plc Class A to open at £443.19, and during the day (based on 14 day Average True Range), to move between £430.69 and £453.31, which gives a possible trading interval of +/-£11.31 (+/-2.56%) up or down from last closing price. If Jersey Electricity plc Class A takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £445.00 (0.68%) than the support at £435.00 (1.58%), 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 Jersey Electricity plc Class A stock A Buy?
Jersey Electricity plc Class A holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.071 Sell Candidate Unchanged
Predicted Opening Price for Jersey Electricity plc Class A of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £443.19 ( 0.269%) | £442.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 446.76 | 1.08 % | |
| R2 | 445.39 | 0.768 % | ||
| R1 | 444.55 | 0.577 % | ||
| Current price: | 442.00 | |||
| Support | S1 | 441.83 | -0.0393 % | |
| S2 | 440.98 | -0.230 % | ||
| S3 | 439.62 | -0.538 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 460.00 | 4.07 % | |
| R2 | 450.00 | 1.81 % | ||
| R1 | 445.00 | 0.679 % | ||
| Current price | 442.00 | |||
| Support | S1 | 435.00 | -1.58% | |
| S2 | 430.00 | -2.71% | ||
| S3 | 420.00 | -4.98% |
JEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0 | 0% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £8.00 | 1.68% |
| 3 | Dec 20, 2022 | Feb 16, 2023 | Mar 23, 2023 | £10.80 | 2.27% |
| 4 | May 18, 2022 | Jun 01, 2022 | Jun 21, 2022 | £7.60 | 1.43% |
| 5 | May 18, 2022 | May 31, 2022 | Jun 21, 2022 | £7.60 | 1.43% |
FAQ
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