JM Smucker Company (The) Stock Forecast
Green day on Tuesday for JM Smucker Company (The) stock after gaining 0.127%
(Updated on Jul 02, 2024)
The JM Smucker Company (The) stock price gained 0.127% on the last trading day (Tuesday, 2nd Jul 2024), rising from $110.51 to $110.65. It has now gained 4 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 1.43% from a day low at $109.79 to a day high of $111.36. The price has risen in 6 of the last 10 days but is still down by -1.36% for this period. Volume fell on the last day by -435 thousand shares and in total, 683 thousand shares were bought and sold for approximately $75.60 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 lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.84% during the next 3 months and, with a 90% probability hold a price between $99.41 and $108.63 at the end of this 3-month period. 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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SJM Signals & Forecast
There are mixed signals in the stock today. The JM Smucker Company (The) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $111.51. On a fall, the stock will find some support from the short-term average at $109.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 2.75%. 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.
Support, Risk & Stop-loss for JM Smucker Company (The) stock
JM Smucker Company (The) finds support from accumulated volume at $109.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.58 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SJM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect JM Smucker Company (The) to open at $110.60, and during the day (based on 14 day Average True Range), to move between $108.31 and $112.99, which gives a possible trading interval of +/-$2.34 (+/-2.12%) up or down from last closing price. If JM Smucker Company (The) takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $109.98 (0.61%) than the resistance at $111.64 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JM Smucker Company (The) stock A Buy?
JM Smucker Company (The) 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: -1.088 Sell Candidate Unchanged
Predicted Opening Price for JM Smucker Company (The) of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$110.60 ( 0.0467%) | $110.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SJM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 112.17 | 1.38% |
R2 | 111.57 | 0.83% |
R1 | 111.20 | 0.497% |
Price | 110.65 | |
S1 | 110.00 | -0.590% |
S2 | 109.62 | -0.93% |
S3 | 109.02 | -1.47% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 115.37 | 4.27% |
R2 | 113.60 | 2.67% |
R1 | 111.64 | 0.89% |
Price | 110.65 | |
S1 | 109.98 | -0.606% |
S2 | 108.70 | -1.76% |
S3 | 107.95 | -2.44% |
SJM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | May 16, 2024 | Jun 03, 2024 | $1.06 | 0.95% |
2 | Jan 19, 2024 | Feb 15, 2024 | Mar 01, 2024 | $1.06 | 0.87% |
3 | Oct 19, 2023 | Nov 16, 2023 | Dec 01, 2023 | $1.06 | 0.95% |
4 | Jul 14, 2023 | Aug 17, 2023 | Sep 01, 2023 | $1.06 | 0.744% |
5 | Apr 18, 2023 | May 11, 2023 | Jun 01, 2023 | $1.02 | 0.704% |
FAQ
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