Jacob Funds Inc. - Jacob Forward ETF Forecast
Jacob Funds Inc. - Jacob Forward ETF price up 0.417% on Friday
(Updated on May 17, 2024)
The Jacob Funds Inc. - Jacob Forward ETF price gained 0.417% on the last trading day (Friday, 17th May 2024), rising from $10.77 to $10.81. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.443% from a day low at $10.81 to a day high of $10.86. The price has risen in 5 of the last 10 days and is up by 12.51% over the past 2 weeks. Volume fell on the last day by -278 shares and in total, 991 shares were bought and sold for approximately $10.71 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.
Given the current short-term trend, the ETF is expected to fall -9.65% during the next 3 months and, with a 90% probability hold a price between $8.23 and $9.77 at the end of this 3-month period. 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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JFWD Signals & Forecast
The Jacob Funds Inc. - Jacob Forward ETF 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 $10.35 and $10.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 14.17%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jacob Funds Inc. - Jacob Forward ETF
Jacob Funds Inc. - Jacob Forward finds support from accumulated volume at $10.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0479 between high and low, or 0.443%. For the last week the ETF has had daily average volatility of 0.255%.
The Jacob Funds Inc. - Jacob Forward ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: $10.33 (-4.44%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (JFWD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Jacob Funds Inc. - Jacob Forward ETF to open at $10.83, and during the day (based on 14 day Average True Range), to move between $10.68 and $10.94, which gives a possible trading interval of +/-$0.127 (+/-1.18%) up or down from last closing price. If Jacob Funds Inc. - Jacob Forward ETF takes out the full calculated possible swing range there will be an estimated 2.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.89 (0.68%) than the support at $10.66 (1.39%), 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 Jacob Funds Inc. - Jacob Forward ETF ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 3.069 Buy Candidate Unchanged
Predicted Opening Price for Jacob Funds Inc. - Jacob Forward ETF of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $10.83 ( 0.148%) | $10.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JFWD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.88 | 0.591 % | |
| R2 | 10.86 | 0.421 % | ||
| R1 | 10.85 | 0.317 % | ||
| Current price: | 10.81 | |||
| Support | S1 | 10.81 | -0.0216 % | |
| S2 | 10.80 | -0.126 % | ||
| S3 | 10.78 | -0.295 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.18 | 3.40 % | |
| R2 | 11.03 | 2.01 % | ||
| R1 | 10.89 | 0.683 % | ||
| Current price | 10.81 | |||
| Support | S1 | 10.66 | -1.39% | |
| S2 | 9.61 | -11.12% | ||
| S3 | 9.47 | -12.41% |
JFWD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2021 | Dec 08, 2021 | Dec 10, 2021 | $0.0670 | 0.376% |
FAQ
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