Jarvis Securities plc Stock Forecast
Red day on Thursday for Jarvis Securities plc stock after losing 3.91%
(Updated on Apr 18, 2024)
The Jarvis Securities plc stock price fell by -3.91% on the last day (Thursday, 18th Apr 2024) from £64.00 to £61.50. During the last trading day the stock fluctuated 5.78% from a day low at £60.13 to a day high of £63.60. The price has been going up and down for this period, and there has been a -4.65% loss for the last 2 weeks. Volume has increased on the last day by 90 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, 94 thousand shares were bought and sold for approximately £5.77 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £60.59 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.96% during the next 3 months and, with a 90% probability hold a price between £71.48 and £104.74 at the end of this 3-month period.
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JIM.L Signals & Forecast
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 Jarvis Securities 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 £64.00 and £70.61. 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 15, 2024, and so far it has fallen -26.79%. Further fall is indicated until a new bottom pivot has been found. 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 Jarvis Securities plc stock
Jarvis Securities plc finds support from accumulated volume at £59.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £3.48 between high and low, or 5.78%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JIM.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Jarvis Securities plc to open at £61.74, and during the day (based on 14 day Average True Range), to move between £58.03 and £64.97, which gives a possible trading interval of +/-£3.47 (+/-5.65%) up or down from last closing price. If Jarvis Securities plc takes out the full calculated possible swing range there will be an estimated 11.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £62.50 (1.63%) than the support at £59.98 (2.47%), 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 Jarvis Securities plc stock A Buy?
The Jarvis Securities plc stock holds several negative signals and despite the positive trend, we believe Jarvis Securities plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.041 Sell Candidate Unchanged
Predicted Opening Price for Jarvis Securities plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £61.74 ( 0.393%) | £61.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JIM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.22 | 6.04 % | |
| R2 | 63.89 | 3.88 % | ||
| R1 | 63.07 | 2.55 % | ||
| Current price: | 61.50 | |||
| Support | S1 | 60.41 | -1.77 % | |
| S2 | 59.59 | -3.10 % | ||
| S3 | 58.27 | -5.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.50 | 11.38 % | |
| R2 | 64.50 | 4.88 % | ||
| R1 | 62.50 | 1.63 % | ||
| Current price | 61.50 | |||
| Support | S1 | 59.98 | -2.47% | |
| S2 | 55.00 | -10.57% | ||
| S3 | 52.50 | -14.63% |
JIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 19, 2024 | £1.75 | 2.15% |
| 2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | £3.50 | 2.26% |
| 3 | Feb 08, 2023 | Feb 23, 2023 | Mar 21, 2023 | £3.00 | 2.26% |
| 4 | Nov 10, 2022 | Nov 17, 2022 | Dec 08, 2022 | £2.50 | 1.60% |
| 5 | Aug 09, 2022 | Aug 18, 2022 | Sep 08, 2022 | £3.00 | 1.66% |
FAQ
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