Jupiter Mines Limited Stock Forecast
Jupiter Mines Limited stock price down 1.72% on Friday
(Updated on Jun 14, 2024)
The Jupiter Mines Limited stock price fell by -1.72% on the last day (Friday, 14th Jun 2024) from $0.290 to $0.285. During the last trading day the stock fluctuated 5.96% from a day low at $0.285 to a day high of $0.302. The price has fallen in 6 of the last 10 days and is down by -17.39% for this period. Volume has increased on the last day by 2 million 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, 7 million shares were bought and sold for approximately $1.99 million.
Given the current short-term trend, the stock is expected to rise 52.85% during the next 3 months and, with a 90% probability hold a price between $0.436 and $0.650 at the end of this 3-month period.
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JMS.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Jupiter Mines 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 $0.309 and $0.320. 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 -22.97%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jupiter Mines Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.260 and $0.235. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jupiter Mines Limited finds support just below today's level at $0.260. If this is broken, then the next support from accumulated volume will be at $0.235 and $0.215.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0170 between high and low, or 5.96%. For the last week, the stock has had daily average volatility of 4.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JMS.AX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Jupiter Mines Limited to open at $0.291, and during the day (based on 14 day Average True Range), to move between $0.266 and $0.304, which gives a possible trading interval of +/-$0.0190 (+/-6.68%) up or down from last closing price. If Jupiter Mines Limited takes out the full calculated possible swing range there will be an estimated 13.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.260 (8.77%) than the resistance at $0.320 (12.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jupiter Mines Limited stock A Buy?
The Jupiter Mines Limited stock holds several negative signals and despite the positive trend, we believe Jupiter Mines Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.110 Sell Candidate Unchanged
Predicted Opening Price for Jupiter Mines Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.291 ( 1.99%) | $0.285 |
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 | |
|---|---|---|
| R3 | 0.308 | 7.95% |
| R2 | 0.301 | 5.67% |
| R1 | 0.297 | 4.27% |
| Price | 0.285 | |
| S1 | 0.284 | -0.290% |
| S2 | 0.280 | -1.70% |
| S3 | 0.274 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.335 | 17.54% |
| R2 | 0.330 | 15.79% |
| R1 | 0.320 | 12.28% |
| Price | 0.285 | |
| S1 | 0.260 | -8.77% |
| S2 | 0.235 | -17.54% |
| S3 | 0.215 | -24.56% |
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 | Nov 09, 2021 | $0.0050 | 2.22% |
FAQ
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