Jack Henry & Associates Stock Forecast
Jack Henry & Associates stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Jack Henry & Associates stock price gained 0.418% on the last trading day (Thursday, 25th Apr 2024), rising from $165.20 to $165.89. During the last trading day the stock fluctuated 1.60% from a day low at $163.93 to a day high of $166.55. The price has been going up and down for this period, and there has been a -2.45% loss for the last 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 229 thousand shares were bought and sold for approximately $38.04 million. 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 in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.36% during the next 3 months and, with a 90% probability hold a price between $155.70 and $169.27 at the end of this 3-month period.
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JKHY Signals & Forecast
There are mixed signals in the stock today. The Jack Henry & Associates 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 $169.44. On a fall, the stock will find some support from the short-term average at $165.35. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.31%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Jack Henry & Associates stock
Jack Henry & Associates finds support from accumulated volume at $165.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.62 (1.60%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JKHY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Jack Henry & Associates to open at $165.46, and during the day (based on 14 day Average True Range), to move between $163.23 and $168.55, which gives a possible trading interval of +/-$2.66 (+/-1.60%) up or down from last closing price. If Jack Henry & Associates takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $165.83 (0.04%) than the resistance at $169.18 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jack Henry & Associates stock A Buy?
Jack Henry & Associates 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.955 Sell Candidate Downgraded
Predicted Opening Price for Jack Henry & Associates of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$165.46 ( 0.261%) | $165.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JKHY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 168.08 | 1.32 % | |
R2 | 167.08 | 0.715 % | ||
R1 | 166.46 | 0.342 % | ||
Current price: | 165.89 | |||
Support | S1 | 164.46 | -0.86 % | |
S2 | 163.84 | -1.24 % | ||
S3 | 162.84 | -1.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 174.05 | 4.92 % | |
R2 | 170.46 | 2.75 % | ||
R1 | 169.18 | 1.98 % | ||
Current price | 165.89 | |||
Support | S1 | 165.83 | -0.0362% | |
S2 | 165.75 | -0.0844% | ||
S3 | 163.91 | -1.19% |
JKHY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 12, 2024 | Mar 08, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
2 | Feb 09, 2024 | Mar 07, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
3 | Nov 14, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.520 | 0.315% |
4 | Aug 18, 2023 | Sep 07, 2023 | Sep 28, 2023 | $0.520 | 0.343% |
5 | May 12, 2023 | May 25, 2023 | Jun 15, 2023 | $0.520 | 0.314% |
FAQ
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