Jersey Electricity plc Class A Stock Forecast
Jersey Electricity plc Class A stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Jersey Electricity plc Class A stock price gained 1.62% on the last trading day (Friday, 24th May 2024), rising from £462.00 to £469.50. During the last trading day the stock fluctuated 2.73% from a day low at £457.50 to a day high of £470.00. The price has been going up and down for this period, and there has been a 4.33% gain 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, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately £1.03 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £477.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.47% during the next 3 months and, with a 90% probability hold a price between £453.16 and £503.96 at the end of this 3-month period.
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JEL.L Signals & Forecast
The Jersey Electricity plc Class A 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 £459.07 and £447.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 13.13%. Further rise is indicated until a new top pivot has been found. Jersey Electricity plc Class A 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Jersey Electricity plc Class A stock
Jersey Electricity plc Class A finds support from accumulated volume at £453.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £12.50 between high and low, or 2.73%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: £453.26 (-3.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (JEL.L) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Jersey Electricity plc Class A to open at £465.67, and during the day (based on 14 day Average True Range), to move between £459.64 and £479.36, which gives a possible trading interval of +/-£9.86 (+/-2.10%) 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 4.20% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £453.00, some £16.50 (3.51%) from the current price of £469.50, our system finds the risk reward attractive.
Is Jersey Electricity plc Class A 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 Jersey Electricity plc Class A stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.053 Buy Candidate Upgraded
Predicted Opening Price for Jersey Electricity plc Class A of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| £465.67 ( 0.82%) | £469.50 |
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 | 478.17 | 1.85 % | |
| R2 | 473.39 | 0.83 % | ||
| R1 | 470.44 | 0.201 % | ||
| Current price: | 469.50 | |||
| Support | S1 | 460.89 | -1.83 % | |
| S2 | 457.94 | -2.46 % | ||
| S3 | 453.17 | -3.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 469.50 | |||
| Support | S1 | 453.00 | -3.51% | |
| S2 | 450.00 | -4.15% | ||
| S3 | 420.00 | -10.54% |
JEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 24, 2024 | £8.40 | 1.79% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | £0 | 0% |
| 3 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £8.00 | 1.68% |
| 4 | Dec 20, 2022 | Feb 16, 2023 | Mar 23, 2023 | £10.80 | 2.27% |
| 5 | May 18, 2022 | Jun 01, 2022 | Jun 21, 2022 | £7.60 | 1.43% |
FAQ
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