JPMorgan Japanese Investment Trust Plc Stock Forecast
Red day on Tuesday for JPMorgan Japanese Investment Trust Plc
(Updated on Apr 16, 2024)
The JPMorgan Japanese Investment Trust Plc stock price fell by -1.52% on the last day (Tuesday, 16th Apr 2024) from £527.00 to £519.00. During the last trading day the stock fluctuated 2.33% from a day low at £516.00 to a day high of £528.00. The price has fallen in 7 of the last 10 days and is down by -4.24% for this period. Volume has increased on the last day by 282 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, 458 thousand shares were bought and sold for approximately £237.62 million.
Given the current short-term trend, the stock is expected to rise 9.15% during the next 3 months and, with a 90% probability hold a price between £566.50 and £616.11 at the end of this 3-month period.
JFJ.L Signals & Forecast
There are few to no technical positive signals at the moment. The JPMorgan Japanese Investment Trust Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £527.00 and £534.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.15%. 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). 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 JPMorgan Japanese Investment Trust Plc stock
JPMorgan Japanese Investment Trust Plc finds support from accumulated volume at £503.00 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 £12.00 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JFJ.L) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect JPMorgan Japanese Investment Trust Plc to open at £521.00, and during the day (based on 14 day Average True Range), to move between £510.01 and £527.99, which gives a possible trading interval of +/-£8.99 (+/-1.73%) up or down from last closing price. If JPMorgan Japanese Investment Trust Plc takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £532.00 (2.50%) than the support at £503.00 (3.08%), 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 Japanese Investment Trust Plc stock A Buy?
The JPMorgan Japanese Investment Trust Plc stock holds several negative signals and despite the positive trend, we believe JPMorgan Japanese Investment Trust Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.716 Sell Candidate Unchanged
Predicted Opening Price for JPMorgan Japanese Investment Trust Plc of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
£521.00 ( 0.385%) | £519.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JFJ.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 533.00 | 2.70 % | |
R2 | 528.42 | 1.81 % | ||
R1 | 525.58 | 1.27 % | ||
Current price: | 519.00 | |||
Support | S1 | 516.42 | -0.498 % | |
S2 | 513.58 | -1.04 % | ||
S3 | 509.00 | -1.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 537.00 | 3.47 % | |
R2 | 535.00 | 3.08 % | ||
R1 | 532.00 | 2.50 % | ||
Current price | 519.00 | |||
Support | S1 | 503.00 | -3.08% | |
S2 | 500.00 | -3.66% | ||
S3 | 493.00 | -5.01% |
JFJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | £0.0650 | 0.0136% |
2 | Dec 14, 2022 | Dec 22, 2022 | Feb 03, 2023 | £6.20 | 1.23% |
3 | Dec 06, 2021 | Dec 30, 2021 | Jan 28, 2022 | £5.30 | 1.00% |
4 | Dec 09, 2020 | Dec 24, 2020 | Jan 26, 2021 | £5.10 | 0.704% |
5 | Dec 16, 2019 | Dec 24, 2019 | Jan 24, 2020 | £5.00 | 1.07% |
FAQ
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