Jack Henry & Associates Stock Forecast
Green day on Tuesday for Jack Henry & Associates
(Updated on Jul 02, 2024)
The Jack Henry & Associates stock price gained 0.165% on the last trading day (Tuesday, 2nd Jul 2024), rising from $163.49 to $163.76. During the last trading day the stock fluctuated 1.10% from a day low at $163.31 to a day high of $165.11. The price has fallen in 6 of the last 10 days and is down by -0.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 455 thousand shares were bought and sold for approximately $74.52 million.
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 -2.61% during the next 3 months and, with a 90% probability hold a price between $153.57 and $162.47 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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JKHY Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jack Henry & Associates stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $165.70 and $165.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -2.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jack Henry & Associates stock
Jack Henry & Associates finds support from accumulated volume at $162.57 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 $1.80 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 1.74%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jack Henry & Associates to open at $164.06, and during the day (based on 14 day Average True Range), to move between $160.73 and $166.79, which gives a possible trading interval of +/-$3.03 (+/-1.85%) up or down from last closing price. If Jack Henry & Associates takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $164.68 (0.56%) than the support at $162.57 (0.73%), 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 Jack Henry & Associates stock A Buy?
Jack Henry & Associates holds several negative signals and is within a 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: -3.920 Sell Candidate Unchanged
Predicted Opening Price for Jack Henry & Associates of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $164.06 ( 0.183%) | $163.76 |
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 | |
|---|---|---|
| R3 | 165.86 | 1.28% |
| R2 | 165.17 | 0.86% |
| R1 | 164.75 | 0.603% |
| Price | 163.76 | |
| S1 | 163.37 | -0.237% |
| S2 | 162.95 | -0.496% |
| S3 | 162.26 | -0.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 166.02 | 1.38% |
| R2 | 165.04 | 0.782% |
| R1 | 164.68 | 0.562% |
| Price | 163.76 | |
| S1 | 162.57 | -0.727% |
| S2 | 161.53 | -1.36% |
| S3 | 158.55 | -3.18% |
JKHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 24, 2024 | Jun 17, 2024 | $0.550 | 0.333% |
| 2 | Feb 12, 2024 | Mar 08, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
| 3 | Feb 09, 2024 | Mar 07, 2024 | Mar 26, 2024 | $0.550 | 0.331% |
| 4 | Nov 14, 2023 | Nov 30, 2023 | Dec 22, 2023 | $0.520 | 0.315% |
| 5 | Aug 18, 2023 | Sep 07, 2023 | Sep 28, 2023 | $0.520 | 0.343% |
FAQ
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