Johnson Service Group plc Stock Forecast
Evaluation of Johnson Service Group plc stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Johnson Service Group plc stock price fell by -2.44% on the last day (Friday, 26th Apr 2024) from £131.20 to £128.00. During the last trading day the stock fluctuated 4.88% from a day low at £127.38 to a day high of £133.60. The price has risen in 5 of the last 10 days and is up by 4.23% over the past 2 weeks. Volume has increased on the last day by 340 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, 618 thousand shares were bought and sold for approximately £79.12 million.
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 -13.90% during the next 3 months and, with a 90% probability hold a price between £102.41 and £112.77 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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JSG.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Johnson Service Group plc 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 £129.31 and £130.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Service Group plc stock
Johnson Service Group plc finds support from accumulated volume at £127.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £6.22 between high and low, or 4.88%. For the last week, the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JSG.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Johnson Service Group plc to open at £129.66, and during the day (based on 14 day Average True Range), to move between £123.61 and £132.39, which gives a possible trading interval of +/-£4.39 (+/-3.43%) up or down from last closing price. If Johnson Service Group plc takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £127.60 (0.31%) than the resistance at £141.80 (10.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Johnson Service Group plc stock A Buy?
Johnson Service Group plc 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. 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 Sell candidate.
Current score: -2.316 Sell Candidate Downgraded
Predicted Opening Price for Johnson Service Group plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £129.66 ( 1.30%) | £128.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.88 | 6.16 % | |
| R2 | 133.50 | 4.30 % | ||
| R1 | 132.04 | 3.15 % | ||
| Current price: | 128.00 | |||
| Support | S1 | 127.28 | -0.559 % | |
| S2 | 125.82 | -1.71 % | ||
| S3 | 123.44 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.80 | 11.56 % | |
| R2 | 142.40 | 11.25 % | ||
| R1 | 141.80 | 10.78 % | ||
| Current price | 128.00 | |||
| Support | S1 | 127.60 | -0.313% | |
| S2 | 123.00 | -3.91% | ||
| S3 | 122.00 | -4.69% |
JSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | May 10, 2024 | £1.90 | 1.48% |
| 2 | Mar 07, 2023 | Apr 13, 2023 | May 12, 2023 | £1.60 | 1.29% |
| 3 | Sep 01, 2022 | Oct 06, 2022 | Nov 04, 2022 | £0.80 | 0.84% |
| 4 | Mar 02, 2020 | Apr 09, 2020 | May 07, 2020 | £2.35 | 1.87% |
| 5 | Sep 03, 2019 | Oct 03, 2019 | Nov 01, 2019 | £1.15 | 0.657% |
FAQ
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