Stella-Jones Inc. Stock Forecast
Stella-Jones Inc. stock price down 0% on Friday
(Updated on Apr 19, 2024)
No changes to the price of Stella-Jones Inc. stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.31% from a day low at $79.13 to a day high of $80.17. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $80.14 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Stella-Jones Inc. stock with a 90% probability to be traded between $70.76 and $79.11 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. 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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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 $79.97 and $77.39. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -0.212%. 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).
Support, Risk & Stop-loss for Stella-Jones Inc. stock
Stella-Jones Inc. finds support from accumulated volume at $79.00 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 $1.04 between high and low, or 1.31%. For the last week the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SJ.TO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Stella-Jones Inc. to open at $79.77, and during the day (based on 14 day Average True Range), to move between $78.27 and $81.73, which gives a possible trading interval of +/-$1.73 (+/-2.16%) up or down from last closing price. If Stella-Jones Inc. takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $80.25 (0.31%) than the support at $79.00 (1.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Stella-Jones Inc. stock A Buy?
Stella-Jones Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.752 Sell Candidate Unchanged
Predicted Opening Price for Stella-Jones Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $79.77 ( 0.292%) | $80.00 |
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 | 80.81 | 1.01 % | |
| R2 | 80.41 | 0.512 % | ||
| R1 | 80.16 | 0.205 % | ||
| Current price: | 80.00 | |||
| Support | S1 | 79.37 | -0.788 % | |
| S2 | 79.12 | -1.10 % | ||
| S3 | 78.73 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.43 | 3.04 % | |
| R2 | 80.75 | 0.94 % | ||
| R1 | 80.25 | 0.313 % | ||
| Current price | 80.00 | |||
| Support | S1 | 79.00 | -1.25% | |
| S2 | 76.30 | -4.63% | ||
| S3 | 74.12 | -7.35% |
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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