Stella-Jones Inc. Stock Forecast
Green day on Thursday for Stella-Jones Inc.
(Updated on Apr 25, 2024)
The Stella-Jones Inc. stock price gained 0.0249% on the last trading day (Thursday, 25th Apr 2024), rising from $80.31 to $80.33. 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 0.676% from a day low at $79.93 to a day high of $80.47. The price has risen in 5 of the last 10 days and is up by 0.41% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 43 thousand shares were bought and sold for approximately $3.46 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Stella-Jones Inc. stock with a 90% probability to be traded between $73.71 and $84.07 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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SJ.TO Signals & Forecast
The Stella-Jones 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 $80.05 and $78.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 11.20%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Stella-Jones Inc. stock
Stella-Jones Inc. finds support from accumulated volume at $80.00 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 $0.540 between high and low, or 0.676%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $77.71 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (SJ.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Stella-Jones Inc. to open at $80.24, and during the day (based on 14 day Average True Range), to move between $78.80 and $81.86, which gives a possible trading interval of +/-$1.53 (+/-1.90%) up or down from last closing price. If Stella-Jones Inc. takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $80.00 (0.41%) than the resistance at $80.75 (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Stella-Jones Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Stella-Jones Inc. stock to perform well in the short-term period.
Current score: 2.002 Buy Candidate Unchanged
Predicted Opening Price for Stella-Jones Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $80.24 ( 0.108%) | $80.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJ.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.78 | 0.564 % | |
| R2 | 80.58 | 0.308 % | ||
| R1 | 80.45 | 0.149 % | ||
| Current price: | 80.33 | |||
| Support | S1 | 80.04 | -0.365 % | |
| S2 | 79.91 | -0.523 % | ||
| S3 | 79.70 | -0.780 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.43 | 2.61 % | |
| R2 | 81.89 | 1.94 % | ||
| R1 | 80.75 | 0.523 % | ||
| Current price | 80.33 | |||
| Support | S1 | 80.00 | -0.411% | |
| S2 | 76.30 | -5.02% | ||
| S3 | 74.12 | -7.73% |
SJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 28, 2024 | Apr 19, 2024 | $0.280 | 0.350% |
| 2 | Nov 07, 2023 | Dec 01, 2023 | Dec 21, 2023 | $0.230 | 0.304% |
| 3 | Aug 08, 2023 | Sep 01, 2023 | Sep 25, 2023 | $0.230 | 0.364% |
| 4 | May 09, 2023 | Jun 02, 2023 | Jun 23, 2023 | $0.230 | 0.357% |
| 5 | Mar 08, 2023 | Mar 31, 2023 | Apr 21, 2023 | $0.230 | 0.428% |
FAQ
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