Jupiter Mines Limited Stock Forecast
Stronger technical forecast for Jupiter Mines Limited stock price after Wednesday trading.
(Updated on May 22, 2024)
The Jupiter Mines Limited stock price gained 1.56% on the last trading day (Wednesday, 22nd May 2024), rising from $0.320 to $0.325. During the last trading day the stock fluctuated 4.69% from a day low at $0.320 to a day high of $0.335. The price has fallen in 5 of the last 10 days but is still up by 8.33% over the past 2 weeks. Volume fell on the last day by -170 million shares and in total, 12 million shares were bought and sold for approximately $3.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.323 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 103.34% during the next 3 months and, with a 90% probability hold a price between $0.657 and $0.800 at the end of this 3-month period.
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JMS.AX Signals & Forecast
The Jupiter Mines Limited 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 $0.348. On a fall, the stock will find some support from the long-term average at approximately $0.291. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, May 13, 2024, and so far it has fallen -12.16%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jupiter Mines Limited stock
Jupiter Mines Limited finds support from accumulated volume at $0.320 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 $0.0150 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 6.01%.
Our recommended stop-loss: $0.309 (-4.98%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (JMS.AX) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Jupiter Mines Limited to open at $0.327, and during the day (based on 14 day Average True Range), to move between $0.302 and $0.348, which gives a possible trading interval of +/-$0.0231 (+/-7.10%) up or down from last closing price. If Jupiter Mines Limited takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.330 (1.54%) than the support at $0.320 (1.54%), 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 Jupiter Mines Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jupiter Mines Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.769 Buy Candidate Upgraded
Predicted Opening Price for Jupiter Mines Limited of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.327 ( 0.513%) | $0.325 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMS.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.342 | 5.13 % | |
| R2 | 0.336 | 3.37 % | ||
| R1 | 0.332 | 2.28 % | ||
| Current price: | 0.325 | |||
| Support | S1 | 0.321 | -1.25 % | |
| S2 | 0.317 | -2.34 % | ||
| S3 | 0.312 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.370 | 13.85 % | |
| R2 | 0.365 | 12.31 % | ||
| R1 | 0.330 | 1.54 % | ||
| Current price | 0.325 | |||
| Support | S1 | 0.320 | -1.54% | |
| S2 | 0.300 | -7.69% | ||
| S3 | 0.295 | -9.23% |
JMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.0100 | 4.65% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | $0.0120 | 5.33% |
| 3 | Nov 02, 2022 | Nov 02, 2022 | Nov 02, 2022 | $0.0100 | 5.41% |
| 4 | May 05, 2022 | May 05, 2022 | May 05, 2022 | $0.0100 | 4.35% |
| 5 | Oct 25, 2021 | Oct 25, 2021 | Oct 25, 2021 | $0.0050 | 2.13% |
FAQ
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