JPMorgan Global Emerging Markets Income Stock Forecast
Green day on Friday for JPMorgan Global Emerging Markets Income
(Updated on Apr 26, 2024)
The JPMorgan Global Emerging Markets Income stock price gained 1.54% on the last trading day (Friday, 26th Apr 2024), rising from £130.00 to £132.00. During the last trading day the stock fluctuated 1.92% from a day low at £130.50 to a day high of £133.00. The price has risen in 5 of the last 10 days but is still down by -0.75% for this period. Volume fell on the last day by -187 thousand shares and in total, 197 thousand shares were bought and sold for approximately £25.98 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.51% during the next 3 months and, with a 90% probability hold a price between £135.31 and £142.37 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JEMI.L Signals & Forecast
The JPMorgan Global Emerging Markets Income stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £130.64 and £131.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. 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. 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 JPMorgan Global Emerging Markets Income stock
JPMorgan Global Emerging Markets Income finds support from accumulated volume at £131.50 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 £2.50 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: £125.50 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (JEMI.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect JPMorgan Global Emerging Markets Income Trust Plc to open at £131.83, and during the day (based on 14 day Average True Range), to move between £128.51 and £135.49, which gives a possible trading interval of +/-£3.49 (+/-2.65%) up or down from last closing price. If JPMorgan Global Emerging Markets Income Trust Plc takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £132.50 (0.38%) than the support at £131.50 (0.38%), 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 JPMorgan Global Emerging Markets Income Trust Plc 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 JPMorgan Global Emerging Markets Income stock to perform well in the short-term.
Current score: 1.065 Buy Candidate Unchanged
Predicted Opening Price for JPMorgan Global Emerging Markets Income Trust Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £131.83 ( 0.126%) | £132.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JEMI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.33 | 1.77 % | |
| R2 | 133.38 | 1.04 % | ||
| R1 | 132.79 | 0.597 % | ||
| Current price: | 132.00 | |||
| Support | S1 | 130.88 | -0.85 % | |
| S2 | 130.29 | -1.30 % | ||
| S3 | 129.33 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.00 | 2.27 % | |
| R2 | 133.00 | 0.758 % | ||
| R1 | 132.50 | 0.379 % | ||
| Current price | 132.00 | |||
| Support | S1 | 131.50 | -0.379% | |
| S2 | 130.00 | -1.52% | ||
| S3 | 129.00 | -2.27% |
JEMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | £1.00 | 0.82% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | £0.0230 | 0.0182% |
| 3 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £1.00 | 0.784% |
| 4 | Feb 28, 2023 | Mar 09, 2023 | Apr 21, 2023 | £1.00 | 0.778% |
| 5 | Nov 28, 2022 | Dec 15, 2022 | Jan 25, 2023 | £1.00 | 0.727% |
FAQ
Click here for our free guide on how to buy JPMorgan Global Emerging Markets Income Trust Plc Stock.
