Jones Lang LaSalle Incorporated Stock Forecast
Jones Lang LaSalle Incorporated stock price down 0.160% on Wednesday
(Updated on May 01, 2024)
The Jones Lang LaSalle Incorporated stock price fell by -0.160% on the last day (Wednesday, 1st May 2024) from $180.70 to $180.41. During the last trading day the stock fluctuated 2.93% from a day low at $178.97 to a day high of $184.22. The price has risen in 6 of the last 10 days and is up by 4.05% over the past 2 weeks. Volume has increased on the last day by 25 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, 225 thousand shares were bought and sold for approximately $40.53 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jones Lang LaSalle Incorporated stock with a 90% probability to be traded between $176.66 and $202.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JLL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.05%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jones Lang LaSalle Incorporated 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 $181.72 and $185.66. A break-up above any of these levels will issue buy signals. 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 Jones Lang LaSalle Incorporated stock
Jones Lang LaSalle Incorporated finds support from accumulated volume at $179.42 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 $5.25 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: $172.71 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (JLL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Jones Lang LaSalle Incorporated to open at $181.20, and during the day (based on 14 day Average True Range), to move between $176.31 and $184.51, which gives a possible trading interval of +/-$4.10 (+/-2.27%) 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 4.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $179.42 (0.55%) than the resistance at $183.70 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Jones Lang LaSalle Incorporated will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.85. We will update the financials statements for Jones Lang LaSalle Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.34% in the first trading day after earnings release.
Is Jones Lang LaSalle Incorporated stock A Buy?
Jones Lang LaSalle Incorporated holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.725 Hold/Accumulate Unchanged
Predicted Opening Price for Jones Lang LaSalle Incorporated of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $181.20 ( 0.438%) | $180.41 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 186.45 | 3.35 % | |
| R2 | 184.44 | 2.24 % | ||
| R1 | 183.21 | 1.55 % | ||
| Current price: | 180.41 | |||
| Support | S1 | 179.19 | -0.674 % | |
| S2 | 177.96 | -1.36 % | ||
| S3 | 175.95 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 192.73 | 6.83 % | |
| R2 | 190.24 | 5.45 % | ||
| R1 | 183.70 | 1.82 % | ||
| Current price | 180.41 | |||
| Support | S1 | 179.42 | -0.549% | |
| S2 | 176.93 | -1.93% | ||
| S3 | 171.66 | -4.85% |
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 | May 07, 2019 | May 16, 2019 | Jun 14, 2019 | $0.430 | 0.323% |
| 3 | Nov 06, 2018 | Nov 15, 2018 | Dec 14, 2018 | $0.410 | 0.308% |
| 4 | May 08, 2018 | May 17, 2018 | Jun 15, 2018 | $0.410 | 0.245% |
| 5 | Nov 06, 2017 | Nov 15, 2017 | Dec 15, 2017 | $0.370 | 0.249% |
FAQ
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