Jones Lang LaSalle Incorporated Stock Forecast
Stronger technical forecast for Jones Lang LaSalle Incorporated stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Jones Lang LaSalle Incorporated stock price gained 2.41% on the last trading day (Tuesday, 2nd Jul 2024), rising from $198.70 to $203.48. During the last trading day the stock fluctuated 3.18% from a day low at $197.55 to a day high of $203.83. The price has fallen in 6 of the last 10 days and is down by -2.01% for this period. Volume fell on the last day by -128 thousand shares and in total, 184 thousand shares were bought and sold for approximately $37.53 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.35% during the next 3 months and, with a 90% probability hold a price between $221.32 and $250.89 at the end of this 3-month period.
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JLL Signals & Forecast
Mostly positive signals in the chart today. The Jones Lang LaSalle Incorporated stock 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 $203.21 and $201.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.41%. 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). 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 Jones Lang LaSalle Incorporated stock
Jones Lang LaSalle Incorporated finds support from accumulated volume at $199.00 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 $6.28 (3.18%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: $193.73 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (JLL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jones Lang LaSalle Incorporated to open at $201.62, and during the day (based on 14 day Average True Range), to move between $198.59 and $208.37, which gives a possible trading interval of +/-$4.89 (+/-2.41%) up or down from last closing price. If Jones Lang LaSalle Incorporated takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $204.24 (0.37%) than the support at $199.00 (2.20%), 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 Jones Lang LaSalle Incorporated stock A Buy?
Jones Lang LaSalle Incorporated holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 6.373 Strong Buy Candidate Upgraded
Predicted Opening Price for Jones Lang LaSalle Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $201.62 ( 0.91%) | $203.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JLL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 207.90 | 2.17% |
| R2 | 205.50 | 0.99% |
| R1 | 204.02 | 0.265% |
| Price | 203.48 | |
| S1 | 199.22 | -2.09% |
| S2 | 197.74 | -2.82% |
| S3 | 195.34 | -4.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 208.67 | 2.55% |
| R2 | 207.88 | 2.16% |
| R1 | 204.24 | 0.374% |
| Price | 203.48 | |
| S1 | 199.00 | -2.20% |
| S2 | 191.14 | -6.06% |
| S3 | 183.70 | -9.72% |
JLL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 05, 2019 | Nov 14, 2019 | Dec 13, 2019 | $0.430 | 0.253% |
| 2 | Sep 26, 2019 | Sep 26, 2019 | Sep 26, 2019 | $0.0400 | 0.0287% |
| 3 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | $0.135 | 0.0996% |
| 4 | May 07, 2019 | May 16, 2019 | Jun 14, 2019 | $0.430 | 0.323% |
| 5 | Nov 06, 2018 | Nov 15, 2018 | Dec 14, 2018 | $0.410 | 0.308% |
FAQ
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