JARDINE MATHESON ADR Stock Forecast
Red day on Tuesday for JARDINE MATHESON ADR stock after losing 2.54%
(Updated on Jul 02, 2024)
The JARDINE MATHESON ADR stock price fell by -2.54% on the last day (Tuesday, 2nd Jul 2024) from $35.37 to $34.47. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.36% from a day low at $34.39 to a day high of $35.20. The price has fallen in 7 of the last 10 days and is down by -6.2% for this period. Volume has increased on the last day by 3 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, 6 thousand shares were bought and sold for approximately $215.20 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $34.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect JARDINE MATHESON ADR stock with a 90% probability to be traded between $33.80 and $39.75 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JMHLY Signals & Forecast
There are few to no technical positive signals at the moment. The JARDINE MATHESON ADR 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 $35.70 and $37.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -15.68%. 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). JARDINE MATHESON ADR gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for JARDINE MATHESON ADR stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.81 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 1.95%.
JARDINE MATHESON ADR is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JMHLY) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect JARDINE MATHESON ADR to open at $34.69, and during the day (based on 14 day Average True Range), to move between $33.73 and $35.21, which gives a possible trading interval of +/-$0.738 (+/-2.14%) up or down from last closing price. If JARDINE MATHESON ADR takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $35.04, some $0.570 (1.65%) from the current price of $34.47, our system finds the risk reward not very attractive.
Is JARDINE MATHESON ADR stock A Buy?
JARDINE MATHESON ADR holds several negative signals and is within a wide and 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: -3.743 Sell Candidate Unchanged
Predicted Opening Price for JARDINE MATHESON ADR of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$34.69 ( 0.629%) | $34.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMHLY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.50 | 2.98% |
R2 | 35.19 | 2.08% |
R1 | 35.00 | 1.53% |
Price | 34.47 | |
S1 | 34.38 | -0.269% |
S2 | 34.19 | -0.82% |
S3 | 33.88 | -1.72% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.07 | 7.54% |
R2 | 36.00 | 4.44% |
R1 | 35.04 | 1.65% |
Price | 34.47 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
JMHLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 09, 2024 | Mar 21, 2024 | May 22, 2024 | $1.60 | 4.10% |
2 | Aug 01, 2023 | Aug 16, 2023 | Oct 18, 2023 | $0.550 | 1.32% |
3 | Jun 14, 2023 | Mar 15, 2023 | May 17, 2023 | $1.60 | 3.20% |
4 | Aug 13, 2022 | Aug 17, 2022 | Oct 19, 2022 | $0.550 | 1.11% |
5 | Mar 15, 2022 | Mar 16, 2022 | May 18, 2022 | $1.56 | 2.94% |
FAQ
Click here for our free guide on how to buy JARDINE MATHESON ADR Stock.