Journal Media Group, Inc Stock Forecast
Green day on Tuesday for Journal Media Group, Inc
(Updated on May 14, 2024)
The Journal Media Group, Inc stock price gained 0.187% on the last trading day (Tuesday, 14th May 2024), rising from £107.00 to £107.20. During the last trading day the stock fluctuated 1.23% from a day low at £106.69 to a day high of £108.00. The price has risen in 5 of the last 10 days and is up by 2.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 158 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £176.59 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £107.69 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Journal Media Group, Inc stock with a 90% probability to be traded between £102.60 and £109.31 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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JMG.L Signals & Forecast
The Journal Media Group, Inc 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 £107.20. On a fall, the stock will find some support from the long-term average at approximately £104.55. 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. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.381%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, April 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, December 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Journal Media Group, Inc stock
Journal Media Group, Inc finds support from accumulated volume at £105.00 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 £1.31 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: £103.35 (-3.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (JMG.L) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Journal Media Group, Inc to open at £107.30, and during the day (based on 14 day Average True Range), to move between £104.96 and £109.44, which gives a possible trading interval of +/-£2.24 (+/-2.09%) up or down from last closing price. If Journal Media Group, Inc takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £107.60 (0.37%) than the support at £105.00 (2.05%), 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 Journal Media Group, Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Journal Media Group, Inc stock to perform well in the short-term period.
Current score: 2.715 Buy Candidate Unchanged
Predicted Opening Price for Journal Media Group, Inc of Wednesday, May 15, 2024
Fair opening price May 15, 2024 | Current price |
---|---|
£107.30 ( 0.0896%) | £107.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 108.61 | 1.31 % | |
R2 | 108.11 | 0.85 % | ||
R1 | 107.80 | 0.557 % | ||
Current price: | 107.20 | |||
Support | S1 | 106.79 | -0.378 % | |
S2 | 106.49 | -0.667 % | ||
S3 | 105.98 | -1.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 107.61 | 0.382 % | ||
R1 | 107.60 | 0.373 % | ||
Current price | 107.20 | |||
Support | S1 | 105.00 | -2.05% | |
S2 | 104.80 | -2.24% | ||
S3 | 104.40 | -2.61% |
JMG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 26, 2024 | £0.600 | 0.576% |
2 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0107 | 0.0108% |
3 | Mar 07, 2023 | Mar 16, 2023 | Apr 25, 2023 | £0.0058 | 0.0057% |
4 | Sep 30, 2022 | Oct 13, 2022 | Nov 18, 2022 | £0.83 | 0.798% |
5 | Mar 02, 2022 | Mar 10, 2022 | Apr 19, 2022 | £0.520 | 0.477% |
FAQ
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