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 downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
No changes to the price of Stella-Jones Inc. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.76% from a day low at $79.76 to a day high of $81.16. The price has risen in 5 of the last 10 days.
The stock lies in the middle of a wide and weak 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 3.37% during the next 3 months and, with a 90% probability hold a price between $76.34 and $87.31 at the end of this 3-month period.
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SJ.TO Signals & Forecast
The Stella-Jones Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $80.36. On a fall, the stock will find some support from the long-term average at approximately $78.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 26, 2024, and so far it has fallen -2.18%. 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).
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 with a target of $77.82. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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 $1.40 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $76.31 (-4.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SJ.TO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Stella-Jones Inc. to open at $80.31, and during the day (based on 14 day Average True Range), to move between $78.42 and $81.58, which gives a possible trading interval of +/-$1.58 (+/-1.97%) up or down from last closing price. If Stella-Jones Inc. takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $80.75 (0.94%) 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.
Earnings coming up
Stella-Jones Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.07. We will update the financials statements for Stella-Jones Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.42% in the first trading day after earnings release.
Is Stella-Jones Inc. stock A Buy?
Stella-Jones Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.177 Hold/Accumulate Downgraded
Predicted Opening Price for Stella-Jones Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $80.31 ( 0.383%) | $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 | 81.71 | 2.13 % | |
| R2 | 81.17 | 1.46 % | ||
| R1 | 80.84 | 1.05 % | ||
| Current price: | 80.00 | |||
| Support | S1 | 79.77 | -0.285 % | |
| S2 | 79.44 | -0.698 % | ||
| S3 | 78.91 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.43 | 3.04 % | |
| R2 | 81.89 | 2.36 % | ||
| R1 | 80.75 | 0.94 % | ||
| 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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