St. Jude Medical, Inc Stock Forecast
Green day on Thursday for St. Jude Medical, Inc
(Updated on May 02, 2024)
The St. Jude Medical, Inc stock price gained 0.323% on the last trading day (Thursday, 2nd May 2024), rising from £433.20 to £434.60. During the last trading day the stock fluctuated 2.09% from a day low at £430.60 to a day high of £439.60. The price has risen in 6 of the last 10 days and is up by 4.07% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately £1.82 billion.
The stock lies in the middle of a very wide and 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 -36.09% during the next 3 months and, with a 90% probability hold a price between £224.36 and £293.22 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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STJ.L Signals & Forecast
There are mixed signals in the stock today. The St. Jude Medical, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £435.51 and £436.34. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.11%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for St. Jude Medical, Inc stock
St. Jude Medical, Inc finds support from accumulated volume at £431.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £9.00 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STJ.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect St. Jude Medical, Inc to open at £434.93, and during the day (based on 14 day Average True Range), to move between £418.93 and £450.27, which gives a possible trading interval of +/-£15.67 (+/-3.61%) up or down from last closing price. If St. Jude Medical, Inc takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £431.40 (0.74%) than the resistance at £463.20 (6.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is St. Jude Medical, Inc stock A Buy?
St. Jude Medical, 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: -1.194 Sell Candidate Unchanged
Predicted Opening Price for St. Jude Medical, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £434.93 ( 0.0767%) | £434.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 443.93 | 2.15 % | |
| R2 | 440.50 | 1.36 % | ||
| R1 | 438.37 | 0.87 % | ||
| Current price: | 434.60 | |||
| Support | S1 | 431.50 | -0.714 % | |
| S2 | 429.37 | -1.20 % | ||
| S3 | 425.93 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 505.80 | 16.38 % | |
| R2 | 491.20 | 13.02 % | ||
| R1 | 463.20 | 6.58 % | ||
| Current price | 434.60 | |||
| Support | S1 | 431.40 | -0.736% | |
| S2 | 428.40 | -1.43% | ||
| S3 | 425.30 | -2.14% |
STJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 24, 2024 | £8.00 | 1.84% |
| 2 | Feb 28, 2023 | May 04, 2023 | May 31, 2023 | £37.19 | 3.34% |
| 3 | Jul 28, 2022 | Aug 25, 2022 | Sep 23, 2022 | £15.59 | 1.46% |
| 4 | Feb 24, 2022 | Apr 28, 2022 | May 27, 2022 | £40.41 | 3.19% |
| 5 | Jul 28, 2021 | Aug 26, 2021 | Sep 24, 2021 | £11.55 | 0.732% |
FAQ
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