RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JLP.L
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Green day on Wednesday for Jubilee Metals Group Plc
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 PDF

The Jubilee Metals Group Plc stock price gained 0.184% on the last trading day (Wednesday, 27th Mar 2024), rising from £5.44 to £5.45. During the last trading day the stock fluctuated 3.77% from a day low at £5.30 to a day high of £5.50. The price has fallen in 5 of the last 10 days and is down by -4.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately £62.17 million.

The stock lies in the middle of a very wide and 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 -13.16% during the next 3 months and, with a 90% probability hold a price between £3.85 and £5.33 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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JLP.L Signals & Forecast

The Jubilee Metals Group Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £5.59. On a fall, the stock will find some support from the long-term average at approximately £5.42. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -13.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Jubilee Metals Group Plc stock

Jubilee Metals Group Plc finds support from accumulated volume at £5.20 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 £0.200 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 4.06%.

Our recommended stop-loss: £5.13 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (JLP.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Jubilee Metals Group Plc to open at £5.42, and during the day (based on 14 day Average True Range), to move between £5.15 and £5.75, which gives a possible trading interval of +/-£0.297 (+/-5.45%) up or down from last closing price. If Jubilee Metals Group Plc takes out the full calculated possible swing range there will be an estimated 10.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £5.58 (2.39%) than the support at £5.20 (4.59%), 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 Jubilee Metals Group Plc stock A Buy?

Jubilee Metals Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.259 Hold/Accumulate Unchanged

Predicted Opening Price for Jubilee Metals Group Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£5.42 ( 0.612%) £5.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JLP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.62 3.06 %
R2 5.54 1.66 %
R1 5.49 0.790 %
Current price: 5.45
Support S1 5.34 -2.01 %
S2 5.29 -2.88 %
S3 5.22 -4.28 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.95 9.17 %
R2 5.90 8.26 %
R1 5.58 2.39 %
Current price 5.45
Support S1 5.20 -4.59%
S2 5.12 -6.06%
S3 5.00 -8.26%

FAQ

What is the symbol for Jubilee Metals Group Plc Stock and on which exchange is it traded?
The symbol for Jubilee Metals Group Plc is JLP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Jubilee Metals Group Plc Stock?
Jubilee Metals Group Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Jubilee Metals Group Plc Stock?
Jubilee Metals Group Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Jubilee Metals Group Plc Stock.

What's the current price of Jubilee Metals Group Plc Stock?
As of the end of day on the 2024-03-27, the price of an Jubilee Metals Group Plc (JLP.L) share was £5.45.

What is the 52-week high and low for Jubilee Metals Group Plc Stock?
The 52-week high for Jubilee Metals Group Plc Stock is £9.80 and the 52-week low is £4.60.

What is the market capitalization of Jubilee Metals Group Plc Stock?
As of the 2024-03-27, the market capitalization of Jubilee Metals Group Plc is 162.6M.

When is the next earnings date for Jubilee Metals Group Plc?
The upcoming earnings date for Jubilee Metals Group Plc is Oct 09, 2024.
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About Jubilee Metals Group Plc

Jubilee Metals Group Plc Jubilee Metals Group plc operates as a diversified metals processing and recovery company. It operates through four segments: Metals Processing, Business Development, Exploration, and Corporate. The company explores for platinum group metals, such as platinum, palladium, rhodium, ruthenium, iridium, osmium, and gold; and chrome, lead, zinc, vanadium, copper, and cobalt ores. The company holds interests in various projects located in in South Afri... JLP.L Profile

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