JPMorgan Global Emerging Markets Income Stock Forecast
JPMorgan Global Emerging Markets Income stock downgraded to Hold/Accumulate
(Updated on May 01, 2024)
The JPMorgan Global Emerging Markets Income stock price gained 0.379% on the last trading day (Wednesday, 1st May 2024), rising from £132.00 to £132.50. During the last trading day the stock fluctuated 2.28% from a day low at £131.50 to a day high of £134.50. The price has risen in 7 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 398 thousand shares were bought and sold for approximately £52.75 million.
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 3.47% during the next 3 months and, with a 90% probability hold a price between £134.09 and £140.92 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
Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -1.12%. 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).
Support, Risk & Stop-loss for JPMorgan Global Emerging Markets Income stock
JPMorgan Global Emerging Markets Income finds support from accumulated volume at £132.00 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 £3.00 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: £126.56 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (JEMI.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect JPMorgan Global Emerging Markets Income Trust Plc to open at £132.83, and during the day (based on 14 day Average True Range), to move between £128.81 and £136.19, which gives a possible trading interval of +/-£3.69 (+/-2.78%) 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 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £133.00 (0.38%) than the support at £132.00 (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?
JPMorgan Global Emerging Markets Income holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.782 Hold/Accumulate Downgraded
Predicted Opening Price for JPMorgan Global Emerging Markets Income Trust Plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £132.83 ( 0.252%) | £132.50 |
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 | 135.83 | 2.52 % | |
| R2 | 134.69 | 1.65 % | ||
| R1 | 133.98 | 1.12 % | ||
| Current price: | 132.50 | |||
| Support | S1 | 131.69 | -0.613 % | |
| S2 | 130.98 | -1.15 % | ||
| S3 | 129.83 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.00 | 1.89 % | |
| R2 | 134.00 | 1.13 % | ||
| R1 | 133.00 | 0.377 % | ||
| Current price | 132.50 | |||
| Support | S1 | 132.00 | -0.377% | |
| S2 | 130.00 | -1.89% | ||
| S3 | 129.00 | -2.64% |
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.
