The Joint Corp. Stock Forecast
The Joint Corp. stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The The Joint Corp. stock price gained 1.44% on the last trading day (Tuesday, 2nd Jul 2024), rising from $13.20 to $13.39. During the last trading day the stock fluctuated 4.83% from a day low at $12.79 to a day high of $13.41. The price has risen in 6 of the last 10 days but is still down by -2.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $560.35 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.33% during the next 3 months and, with a 90% probability hold a price between $15.00 and $21.26 at the end of this 3-month period.
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JYNT Signals & Forecast
There are mixed signals in the stock today. The The Joint Corp. 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 $13.67 and $15.13. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 1.44%. 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). The Joint Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Friday, December 22, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 22, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Joint Corp. stock
The Joint Corp. finds support from accumulated volume at $12.79 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 $0.618 between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 5.73%.
Our recommended stop-loss: $12.58 (-6.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (JYNT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Joint Corp. to open at $13.20, and during the day (based on 14 day Average True Range), to move between $12.80 and $13.98, which gives a possible trading interval of +/-$0.588 (+/-4.39%) up or down from last closing price. If The Joint Corp. takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.79 (4.48%) than the resistance at $14.06 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Joint Corp. stock A Buy?
The Joint Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.165 Hold/Accumulate Upgraded
Predicted Opening Price for The Joint Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $13.20 ( 1.44%) | $13.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JYNT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.82 | 3.18% |
| R2 | 13.58 | 1.41% |
| R1 | 13.43 | 0.324% |
| Price | 13.39 | |
| S1 | 12.96 | -3.20% |
| S2 | 12.82 | -4.29% |
| S3 | 12.58 | -6.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.12 | 20.39% |
| R2 | 15.93 | 18.97% |
| R1 | 14.06 | 5.00% |
| Price | 13.39 | |
| S1 | 12.79 | -4.48% |
| S2 | 12.00 | -10.38% |
| S3 | 11.92 | -10.98% |
FAQ
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