Jackson Financial Inc. Stock Forecast
Stronger technical forecast for Jackson Financial Inc. stock price after Friday trading.
(Updated on May 03, 2024)
The Jackson Financial Inc. stock price gained 2.51% on the last trading day (Friday, 3rd May 2024), rising from $69.42 to $71.16. It 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 last trading day the stock fluctuated 2.58% from a day low at $69.86 to a day high of $71.66. The price has risen in 7 of the last 10 days and is up by 9.14% over the past 2 weeks. Volume fell on the last day by -47 thousand shares and in total, 464 thousand shares were bought and sold for approximately $33.02 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 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 39.87% during the next 3 months and, with a 90% probability hold a price between $95.89 and $105.03 at the end of this 3-month period.
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JXN Signals & Forecast
Mostly positive signals in the chart today. The Jackson Financial Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $69.57 and $66.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 12.28%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Jackson Financial Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $61.42 and $59.83. There is a 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, Jackson Financial Inc. finds support just below today's level at $61.42. If this is broken, then the next support from accumulated volume will be at $59.83 and $55.08.
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 $1.80 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: $68.49 (-3.75%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (JXN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jackson Financial Inc. to open at $70.89, and during the day (based on 14 day Average True Range), to move between $69.27 and $73.05, which gives a possible trading interval of +/-$1.89 (+/-2.65%) up or down from last closing price. If Jackson Financial Inc. takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $61.42, some $9.74 (13.69%) from the current price of $71.16, our system finds the risk reward attractive.
Earnings coming up
Jackson Financial Inc. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.67. We will update the financials statements for Jackson Financial Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.50% in the first trading day after earnings release.
Is Jackson Financial Inc. stock A Buy?
Jackson Financial Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.739 Strong Buy Candidate Upgraded
Predicted Opening Price for Jackson Financial Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $70.89 ( 0.375%) | $71.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JXN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.69 | 2.15 % | |
| R2 | 72.01 | 1.19 % | ||
| R1 | 71.58 | 0.592 % | ||
| Current price: | 71.16 | |||
| Support | S1 | 70.21 | -1.34 % | |
| S2 | 69.78 | -1.94 % | ||
| S3 | 69.09 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 71.16 | |||
| Support | S1 | 61.42 | -13.69% | |
| S2 | 59.83 | -15.92% | ||
| S3 | 55.08 | -22.60% |
JXN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 11, 2024 | Mar 21, 2024 | $0.700 | 1.06% |
| 2 | Nov 08, 2023 | Nov 29, 2023 | Dec 14, 2023 | $0.620 | 1.22% |
| 3 | Aug 08, 2023 | Aug 30, 2023 | Sep 14, 2023 | $0.620 | 1.56% |
| 4 | May 09, 2023 | May 31, 2023 | Jun 15, 2023 | $0.620 | 2.03% |
| 5 | Feb 28, 2023 | Mar 13, 2023 | Mar 23, 2023 | $0.620 | 1.79% |
FAQ
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