Johnson Outdoors Inc. Stock Forecast
Evaluation of Johnson Outdoors Inc. stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Johnson Outdoors Inc. stock price fell by -0.91% on the last day (Tuesday, 25th Jun 2024) from $34.01 to $33.70. During the last trading day the stock fluctuated 2.32% from a day low at $33.66 to a day high of $34.44. The price has been going up and down for this period, and there has been a -2.52% loss for the last 2 weeks. Volume has increased on the last day by 32 thousand 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, 91 thousand shares were bought and sold for approximately $3.08 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $33.58, a level that may pose a second chance to hit a runner. According to fan-theory $36.42 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JOUT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Johnson Outdoors Inc. 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 $34.44 and $35.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -7.39%. Further fall is indicated until a new bottom pivot has been found. 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 Johnson Outdoors Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.780 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JOUT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Johnson Outdoors Inc. to open at $33.93, and during the day (based on 14 day Average True Range), to move between $32.73 and $34.67, which gives a possible trading interval of +/-$0.97 (+/-2.87%) up or down from last closing price. If Johnson Outdoors Inc. takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $36.35, some $2.65 (7.86%) from the current price of $33.70, our system finds the risk reward not very attractive.
Is Johnson Outdoors Inc. stock A Buy?
Johnson Outdoors Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.299 Sell Candidate Downgraded
Predicted Opening Price for Johnson Outdoors Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$33.93 ( 0.692%) | $33.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOUT
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34.71 | 3.01% |
R2 | 34.42 | 2.12% |
R1 | 34.23 | 1.58% |
Price | 33.70 | |
S1 | 33.64 | -0.192% |
S2 | 33.45 | -0.738% |
S3 | 33.15 | -1.62% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.83 | 12.26% |
R2 | 37.63 | 11.66% |
R1 | 36.35 | 7.86% |
Price | 33.70 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
JOUT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | Jul 11, 2024 | Jul 25, 2024 | $0.330 | 0.98% |
2 | Feb 29, 2024 | Apr 10, 2024 | Apr 25, 2024 | $0.330 | 0.785% |
3 | Dec 08, 2023 | Jan 10, 2024 | Jan 25, 2024 | $0.330 | 0.667% |
4 | Sep 28, 2023 | Oct 12, 2023 | Oct 27, 2023 | $0.330 | 0.690% |
5 | May 24, 2023 | Jul 12, 2023 | Jul 27, 2023 | $0.310 | 0.524% |
FAQ
Click here for our free guide on how to buy Johnson Outdoors Inc. Stock.