The St. Joe Company Stock Forecast
The St. Joe Company stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The The St. Joe Company stock price gained 1.67% on the last trading day (Thursday, 25th Apr 2024), rising from $56.86 to $57.81. During the last trading day the stock fluctuated 4.08% from a day low at $56.30 to a day high of $58.60. The price has fallen in 6 of the last 10 days but is still up by 0.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 232 thousand shares were bought and sold for approximately $13.43 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.43% during the next 3 months and, with a 90% probability hold a price between $54.78 and $61.52 at the end of this 3-month period.
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JOE Signals & Forecast
The The St. Joe Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $55.93 and $55.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.62%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The St. Joe Company stock
The St. Joe Company finds support from accumulated volume at $55.97 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 $2.30 (4.08%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: $55.52 (-3.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (JOE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect The St. Joe Company to open at $57.57, and during the day (based on 14 day Average True Range), to move between $56.26 and $59.36, which gives a possible trading interval of +/-$1.55 (+/-2.68%) 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 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.97 (0.28%) than the support at $55.97 (3.18%), 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 The St. Joe Company 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 The St. Joe Company 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: 3.287 Buy Candidate Upgraded
Predicted Opening Price for The St. Joe Company of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $57.57 ( 0.415%) | $57.81 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 59.87 | 3.56 % | |
| R2 | 58.99 | 2.04 % | ||
| R1 | 58.45 | 1.10 % | ||
| Current price: | 57.81 | |||
| Support | S1 | 56.69 | -1.93 % | |
| S2 | 56.15 | -2.87 % | ||
| S3 | 55.27 | -4.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.10 | 2.23 % | |
| R2 | 57.98 | 0.294 % | ||
| R1 | 57.97 | 0.277 % | ||
| Current price | 57.81 | |||
| Support | S1 | 55.97 | -3.18% | |
| S2 | 55.69 | -3.67% | ||
| S3 | 54.16 | -6.31% |
JOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 01, 2024 | Mar 27, 2024 | $0.120 | 0.209% |
| 2 | Oct 25, 2023 | Nov 08, 2023 | Dec 08, 2023 | $0.120 | 0.223% |
| 3 | Jul 26, 2023 | Aug 10, 2023 | Sep 08, 2023 | $0.120 | 0.203% |
| 4 | Apr 26, 2023 | May 16, 2023 | Sep 08, 2023 | $0.100 | 0.169% |
| 5 | Feb 22, 2023 | Mar 03, 2023 | Mar 28, 2023 | $0.100 | 0.256% |
FAQ
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