Stella-Jones 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
Stella-Jones Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Stella-Jones Inc. stock price gained 0.388% on the last trading day (Wednesday, 24th Apr 2024), rising from $80.00 to $80.31. During the last trading day the stock fluctuated 1.46% from a day low at $80.00 to a day high of $81.17. The price has risen in 5 of the last 10 days and is up by 0.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 85 thousand shares were bought and sold for approximately $6.81 million.
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 $73.07 and $83.35 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 $80.00 and $78.02. 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 11.17%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $1.17 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $77.13 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (SJ.TO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Stella-Jones Inc. to open at $80.49, and during the day (based on 14 day Average True Range), to move between $78.71 and $81.91, which gives a possible trading interval of +/-$1.60 (+/-1.99%) up or down from last closing price. If Stella-Jones Inc. takes out the full calculated possible swing range there will be an estimated 3.99% 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 (0.39%) than the resistance at $80.75 (0.55%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.103 Buy Candidate Upgraded
Predicted Opening Price for Stella-Jones Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $80.49 ( 0.228%) | $80.31 |
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 | 81.66 | 1.69 % | |
| R2 | 81.22 | 1.13 % | ||
| R1 | 80.94 | 0.785 % | ||
| Current price: | 80.31 | |||
| Support | S1 | 80.05 | -0.328 % | |
| S2 | 79.77 | -0.672 % | ||
| S3 | 79.32 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.43 | 2.64 % | |
| R2 | 81.89 | 1.97 % | ||
| R1 | 80.75 | 0.548 % | ||
| Current price | 80.31 | |||
| Support | S1 | 80.00 | -0.386% | |
| S2 | 76.30 | -4.99% | ||
| S3 | 74.12 | -7.71% |
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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