The St. Joe Company Stock Forecast
Stronger technical forecast for The St. Joe Company stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The The St. Joe Company stock price gained 0.130% on the last trading day (Tuesday, 2nd Jul 2024), rising from $53.93 to $54.00. During the last trading day the stock fluctuated 1.00% from a day low at $53.95 to a day high of $54.49. The price has been going up and down for this period, and there has been a 0.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $7.24 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.61% during the next 3 months and, with a 90% probability hold a price between $48.78 and $52.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JOE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.74%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The St. Joe Company 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 $55.41. On a fall, the stock will find some support from the short-term average at $53.60. 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.
Support, Risk & Stop-loss for The St. Joe Company stock
The St. Joe Company finds support from accumulated volume at $53.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.540 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: $50.78 (-5.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (JOE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The St. Joe Company to open at $54.15, and during the day (based on 14 day Average True Range), to move between $52.82 and $55.18, which gives a possible trading interval of +/-$1.18 (+/-2.19%) up or down from last closing price. If The St. Joe Company takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $53.74 (0.48%) than the resistance at $56.51 (4.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The St. Joe Company stock A Buy?
The St. Joe Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.937 Hold/Accumulate Upgraded
Predicted Opening Price for The St. Joe Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $54.15 ( 0.272%) | $54.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.69 | 1.27% |
| R2 | 54.48 | 0.89% |
| R1 | 54.35 | 0.654% |
| Price | 54.00 | |
| S1 | 53.94 | -0.110% |
| S2 | 53.81 | -0.346% |
| S3 | 53.61 | -0.728% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.59 | 8.50% |
| R2 | 58.09 | 7.57% |
| R1 | 56.51 | 4.65% |
| Price | 54.00 | |
| S1 | 53.74 | -0.481% |
| S2 | 53.28 | -1.33% |
| S3 | 53.23 | -1.43% |
JOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 14, 2024 | Jun 13, 2024 | $0.120 | 0.220% |
| 2 | Feb 21, 2024 | Mar 01, 2024 | Mar 27, 2024 | $0.120 | 0.209% |
| 3 | Oct 25, 2023 | Nov 08, 2023 | Dec 08, 2023 | $0.120 | 0.223% |
| 4 | Jul 26, 2023 | Aug 10, 2023 | Sep 08, 2023 | $0.120 | 0.203% |
| 5 | Apr 26, 2023 | May 16, 2023 | Sep 08, 2023 | $0.100 | 0.169% |
FAQ
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