Jerash Holdings (US) Inc. Stock Forecast
Jerash Holdings (US) Inc. stock price ended at $2.95 on Friday, after losing 0.673%.
(Updated on Apr 19, 2024)
The Jerash Holdings (US) Inc. stock price fell by -0.673% on the last day (Friday, 19th Apr 2024) from $2.97 to $2.95. During the last trading day the stock fluctuated 2.71% from a day low at $2.91 to a day high of $2.99. The price has fallen in 6 of the last 10 days and is down by -6.05% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $7.04 thousand.
The stock lies in the middle of a wide and 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 -2.41% during the next 3 months and, with a 90% probability hold a price between $2.78 and $3.09 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JRSH Signals & Forecast
There are few to no technical positive signals at the moment. The Jerash Holdings (US) 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 $2.99 and $3.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -6.05%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jerash Holdings (US) Inc. stock
Jerash Holdings (US) Inc. finds support from accumulated volume at $2.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0789 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 2.08%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JRSH) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Jerash Holdings (US) Inc. to open at $2.95, and during the day (based on 14 day Average True Range), to move between $2.87 and $3.03, which gives a possible trading interval of +/-$0.0814 (+/-2.76%) up or down from last closing price. If Jerash Holdings (US) Inc. takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.98 (1.02%) than the support at $2.92 (1.02%), 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 Jerash Holdings (US) Inc. stock A Buy?
Jerash Holdings (US) Inc. holds several negative signals and is within a wide and 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.
Current score: -1.816 Sell Candidate Unchanged
Predicted Opening Price for Jerash Holdings (US) Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.95 ( 0.0011%) | $2.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.03 | 2.68 % | |
| R2 | 3.00 | 1.65 % | ||
| R1 | 2.98 | 1.02 % | ||
| Current price: | 2.95 | |||
| Support | S1 | 2.92 | -1.02 % | |
| S2 | 2.90 | -1.65 % | ||
| S3 | 2.87 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.03 | 2.71 % | |
| R2 | 3.00 | 1.69 % | ||
| R1 | 2.98 | 1.02 % | ||
| Current price | 2.95 | |||
| Support | S1 | 2.92 | -1.02% | |
| S2 | 2.91 | -1.36% | ||
| S3 | 2.90 | -1.69% |
JRSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Feb 23, 2024 | $0.0500 | 1.64% |
| 2 | Nov 03, 2023 | Nov 13, 2023 | Nov 28, 2023 | $0.0500 | 1.69% |
| 3 | Aug 04, 2023 | Aug 15, 2023 | Aug 23, 2023 | $0.0500 | 1.47% |
| 4 | May 23, 2023 | Jun 01, 2023 | Jun 09, 2023 | $0.0500 | 1.20% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Feb 21, 2023 | $0.0500 | 1.08% |
FAQ
Click here for our free guide on how to buy Jerash Holdings (US) Inc. Stock.
