Jupiter Mines Limited Stock Forecast
Volatile ride for Jupiter Mines Limited stock price on Friday moving between $0.280 and $0.310
(Updated on Jun 21, 2024)
The Jupiter Mines Limited stock price gained 6.90% on the last trading day (Friday, 21st Jun 2024), rising from $0.290 to $0.310. During the last trading day the stock fluctuated 10.71% from a day low at $0.280 to a day high of $0.310. The price has fallen in 4 of the last 10 days and is down by -3.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $2.57 million.
The stock lies in the lower part of a very 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 $0.292 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 33.42% during the next 3 months and, with a 90% probability hold a price between $0.389 and $0.558 at the end of this 3-month period.
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JMS.AX Signals & Forecast
There are mixed signals in the stock today. The Jupiter Mines Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.320. On a fall, the stock will find some support from the short-term average at $0.294. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -16.22%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Jupiter Mines Limited stock
Jupiter Mines Limited finds support from accumulated volume at $0.300 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0300 between high and low, or 10.71%. For the last week, the stock has had daily average volatility of 5.98%.
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 24th
For the upcoming trading day on Monday, 24th we expect Jupiter Mines Limited to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.291 and $0.329, which gives a possible trading interval of +/-$0.0186 (+/-5.98%) up or down from last closing price. If Jupiter Mines Limited takes out the full calculated possible swing range there will be an estimated 11.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.320 (3.23%) than the support at $0.300 (3.23%), 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?
Jupiter Mines Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.851 Sell Candidate Unchanged
Predicted Opening Price for Jupiter Mines Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.300 ( 3.23%) | $0.310 |
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 | 0.330 | 6.45% |
| R2 | 0.319 | 2.75% |
| R1 | 0.311 | 0.471% |
| Price | 0.310 | |
| S1 | 0.289 | -6.92% |
| S2 | 0.281 | -9.21% |
| S3 | 0.270 | -12.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.370 | 19.35% |
| R2 | 0.335 | 8.06% |
| R1 | 0.320 | 3.23% |
| Price | 0.310 | |
| S1 | 0.300 | -3.23% |
| S2 | 0.295 | -4.84% |
| S3 | 0.290 | -6.45% |
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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