Jmj Fintech Limited Stock Forecast

Green day on Friday for Jmj Fintech Limited stock after gaining 0.90%
(Updated on Jun 28, 2024)

JMJFIN.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.90%. 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 Jmj Fintech Limited 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 ₹20.38 and ₹21.48. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Jmj Fintech Limited stock

Jmj Fintech Limited finds support from accumulated volume at ₹20.08 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹1.15 between high and low, or 5.90%. For the last week the stock has had daily average volatility of 5.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JMJFIN.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Jmj Fintech Limited to open at ₹20.11, and during the day (based on 14 day Average True Range), to move between ₹18.74 and ₹21.62, which gives a possible trading interval of +/-₹1.44 (+/-7.12%) up or down from last closing price. If Jmj Fintech Limited takes out the full calculated possible swing range there will be an estimated 14.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹20.08 (0.50%) than the resistance at ₹20.70 (2.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jmj Fintech Limited stock A Buy?

Jmj Fintech Limited 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: -2.789 Sell Candidate Unchanged

Predicted Opening Price for Jmj Fintech Limited of Monday, July 1, 2024

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