The St. Joe Company stock downgraded to Hold/Accumulate
(Updated on Dec 07, 2021)
Buy or Hold candidate since 2021-12-06 Gain 2.46% PDF
The The St. Joe Company stock price gained 2.46% on the last trading day (Tuesday, 7th Dec 2021), rising from $49.51 to $50.73. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.20% from a day low at $50.05 to a day high of $51.15. The price has been going up and down for this period, and there has been a -0.51% loss for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 88 thousand shares were bought and sold for approximately $4.45 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 middle of a wide and strong 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 22.65% during the next 3 months and, with a 90% probability hold a price between $59.05 and $68.87 at the end of this 3-month period.
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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $48.93 and $49.37. A breakdown below any of these levels will issue sell signals. 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 Friday, November 12, 2021, and so far it has fallen -5.21%. 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).
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $47.49 and $47.02. There is 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, The St. Joe Company finds support just below today's level at $47.49. If this is broken, then the next support from accumulated volume will be at $47.02 and $43.06.
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 $1.10 between high and low, or 2.20%. For the last week, the stock has had a daily average volatility of 4.32%.
Our recommended stop-loss: $48.68 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Is The St. Joe Company stock A Buy?
The St. Joe Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.427
Predicted Opening Price for The St. Joe Company of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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JOE Insider Trading
|Mar 12, 2021||Sell||18 500||Berkowitz Bruce R||Common Stock|
|Mar 11, 2021||Sell||140 500||Berkowitz Bruce R||Common Stock|
|Mar 10, 2021||Sell||45 900||Berkowitz Bruce R||Common Stock|
|Mar 03, 2021||Sell||390 800||Berkowitz Bruce R||Common Stock|
|Mar 02, 2021||Sell||3 000||Berkowitz Bruce R||Common Stock|
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