Jackson Financial Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Jackson Financial Inc. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Jackson Financial Inc. stock price fell by -0.694% on the last day (Friday, 28th Jun 2024) from $25.93 to $25.75. During the last trading day the stock fluctuated 0.97% from a day low at $25.74 to a day high of $25.99. The price has fallen in 5 of the last 10 days and is down by -0.96% for this period. Volume has increased on the last day by 44 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, 66 thousand shares were bought and sold for approximately $1.71 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jackson Financial Inc. stock with a 90% probability to be traded between $25.52 and $26.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JXN-PA Signals & Forecast
There are few to no technical positive signals at the moment. The Jackson Financial 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 $25.94 and $26.10. 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 -3.56%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jackson Financial Inc. stock
Jackson Financial Inc. finds support from accumulated volume at $25.63 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.250 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 0.689%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JXN-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jackson Financial Inc. to open at $25.83, and during the day (based on 14 day Average True Range), to move between $25.50 and $26.00, which gives a possible trading interval of +/-$0.255 (+/-0.99%) up or down from last closing price. If Jackson Financial Inc. takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.63 (0.47%) than the resistance at $26.00 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jackson Financial Inc. stock A Buy?
Jackson Financial Inc. holds several negative signals and is within a narrow 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 Hold/Accumulate to a Sell candidate.
Current score: -2.368 Sell Candidate Downgraded
Predicted Opening Price for Jackson Financial Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.83 ( 0.298%) | $25.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JXN-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.08 | 1.27% |
| R2 | 25.98 | 0.90% |
| R1 | 25.92 | 0.669% |
| Price | 25.75 | |
| S1 | 25.73 | -0.0731% |
| S2 | 25.67 | -0.302% |
| S3 | 25.58 | -0.673% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.70 | 3.69% |
| R2 | 26.11 | 1.40% |
| R1 | 26.00 | 0.97% |
| Price | 25.75 | |
| S1 | 25.63 | -0.466% |
| S2 | 25.55 | -0.777% |
| S3 | 25.40 | -1.36% |
JXN-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 01, 2024 | $0.500 | 1.94% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Apr 01, 2024 | $0.500 | 1.89% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Jan 02, 2024 | $0.500 | 1.98% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Oct 02, 2023 | $0.500 | 2.02% |
| 5 | May 31, 2023 | May 31, 2023 | Jun 30, 2023 | $0.594 | 2.38% |
FAQ
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