Jeffs' Brands Ltd Stock Forecast
High volatility in Jeffs' Brands Ltd stock price on Friday which ended trading at $0.267
(Updated on May 10, 2024)
The Jeffs' Brands Ltd stock price gained 8.80% on the last trading day (Friday, 10th May 2024), rising from $0.245 to $0.267. During the last trading day the stock fluctuated 32.89% from a day low at $0.225 to a day high of $0.299. The price has fallen in 6 of the last 10 days but is still up by 1.68% over the past 2 weeks. Volume fell on the last day by -188 thousand shares and in total, 2 million shares were bought and sold for approximately $640.75 thousand. 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 the upper part of a very wide and falling 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 $0.370 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JFBR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 25.82%. Further rise is indicated until a new top pivot has been found. 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. The Jeffs' Brands Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.311. On a fall, the stock will find some support from the short-term average at $0.239. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Jeffs' Brands Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.250 and $0.245. 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, Jeffs' Brands Ltd finds support just below today's level at $0.250. If this is broken, then the next support from accumulated volume will be at $0.245 and $0.212.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0740 between high and low, or 32.89%. For the last week the stock has had daily average volatility of 24.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JFBR) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Jeffs' Brands Ltd to open at $0.264, and during the day (based on 14 day Average True Range), to move between $0.210 and $0.324, which gives a possible trading interval of +/-$0.0572 (+/-21.44%) up or down from last closing price. If Jeffs' Brands Ltd takes out the full calculated possible swing range there will be an estimated 42.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.275 (2.96%) than the support at $0.250 (6.37%), 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 Jeffs' Brands Ltd stock A Buy?
Jeffs' Brands Ltd 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: -1.243 Sell Candidate Unchanged
Predicted Opening Price for Jeffs' Brands Ltd of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.264 ( 1.25%) | $0.267 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JFBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.338 | 26.47 % | |
| R2 | 0.309 | 15.88 % | ||
| R1 | 0.292 | 9.34 % | ||
| Current price: | 0.267 | |||
| Support | S1 | 0.235 | -11.84 % | |
| S2 | 0.218 | -18.38 % | ||
| S3 | 0.190 | -28.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.326 | 22.17 % | |
| R2 | 0.285 | 6.78 % | ||
| R1 | 0.275 | 2.96 % | ||
| Current price | 0.267 | |||
| Support | S1 | 0.250 | -6.37% | |
| S2 | 0.245 | -8.09% | ||
| S3 | 0.212 | -20.52% |
FAQ
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