James Hardie Industries plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
James Hardie Industries plc stock price down 0.355% on Thursday
(Updated on May 02, 2024)
The James Hardie Industries plc stock price fell by -0.355% on the last day (Thursday, 2nd May 2024) from $53.56 to $53.37. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.70% from a day low at $53.00 to a day high of $53.90. The price has fallen in 8 of the last 10 days and is down by -1.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -166 thousand shares and in total, 449 thousand shares were bought and sold for approximately $23.95 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $52.70 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.88% during the next 3 months and, with a 90% probability hold a price between $49.60 and $56.79 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.
JHX.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.433%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The James Hardie Industries 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 $54.29 and $57.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for James Hardie Industries plc stock
James Hardie Industries plc finds support from accumulated volume at $53.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.90 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.44%.
James Hardie Industries plc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JHX.AX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect James Hardie Industries plc to open at $53.42, and during the day (based on 14 day Average True Range), to move between $51.99 and $54.75, which gives a possible trading interval of +/-$1.38 (+/-2.59%) up or down from last closing price. If James Hardie Industries plc takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $53.33 (0.07%) than the resistance at $54.19 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is James Hardie Industries plc stock A Buy?
James Hardie Industries plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.203 Sell Candidate Unchanged
Predicted Opening Price for James Hardie Industries plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $53.42 ( 0.0999%) | $53.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.32 | 1.79 % | |
| R2 | 53.98 | 1.14 % | ||
| R1 | 53.77 | 0.744 % | ||
| Current price: | 53.37 | |||
| Support | S1 | 53.08 | -0.544 % | |
| S2 | 52.87 | -0.94 % | ||
| S3 | 52.52 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.48 | 13.32 % | |
| R2 | 59.47 | 11.43 % | ||
| R1 | 54.19 | 1.54 % | ||
| Current price | 53.37 | |||
| Support | S1 | 53.33 | -0.0749% | |
| S2 | 53.14 | -0.431% | ||
| S3 | 0 | . |
JHX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 18, 2021 | Nov 18, 2021 | Nov 18, 2021 | $0.400 | 0.743% |
| 2 | Feb 18, 2021 | Feb 18, 2021 | Feb 18, 2021 | $0.700 | 1.77% |
| 3 | Nov 07, 2019 | Nov 15, 2019 | Dec 20, 2019 | $0.147 | 0.515% |
| 4 | May 20, 2019 | Jun 05, 2019 | Aug 02, 2019 | $0.373 | 1.88% |
| 5 | Nov 08, 2018 | Dec 11, 2018 | Feb 22, 2019 | $0.111 | 0.616% |
FAQ
Click here for our free guide on how to buy James Hardie Industries plc Stock.
