Jack In The Box Inc. Stock Forecast
Jack In The Box Inc. stock price up 0.753% on Wednesday
(Updated on Apr 24, 2024)
The Jack In The Box Inc. stock price gained 0.753% on the last trading day (Wednesday, 24th Apr 2024), rising from $58.41 to $58.85. During the last trading day the stock fluctuated 2.76% from a day low at $58.30 to a day high of $59.91. The price has fallen in 6 of the last 10 days and is down by -3.64% for this period. Volume fell on the last day by -163 thousand shares and in total, 431 thousand shares were bought and sold for approximately $25.37 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 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 -24.52% during the next 3 months and, with a 90% probability hold a price between $42.87 and $48.95 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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JACK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.19%. 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 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jack In The Box 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 $59.19 and $65.98. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Jack In The Box Inc. stock
Jack In The Box Inc. finds support from accumulated volume at $58.41 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 $1.61 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JACK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Jack In The Box Inc. to open at $59.02, and during the day (based on 14 day Average True Range), to move between $56.88 and $60.82, which gives a possible trading interval of +/-$1.97 (+/-3.34%) up or down from last closing price. If Jack In The Box Inc. takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.41 (0.75%) than the resistance at $59.50 (1.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jack In The Box Inc. stock A Buy?
Jack In The Box Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.234 Sell Candidate Unchanged
Predicted Opening Price for Jack In The Box Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $59.02 ( 0.289%) | $58.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JACK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.63 | 3.02 % | |
| R2 | 60.01 | 1.98 % | ||
| R1 | 59.64 | 1.33 % | ||
| Current price: | 58.85 | |||
| Support | S1 | 58.40 | -0.756 % | |
| S2 | 58.03 | -1.40 % | ||
| S3 | 57.41 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.30 | 19.46 % | |
| R2 | 60.56 | 2.91 % | ||
| R1 | 59.50 | 1.10 % | ||
| Current price | 58.85 | |||
| Support | S1 | 58.41 | -0.748% | |
| S2 | 58.16 | -1.17% | ||
| S3 | 0 | . |
JACK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 14, 2024 | Mar 27, 2024 | $0.440 | 0.624% |
| 2 | Nov 16, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.440 | 0.540% |
| 3 | Aug 04, 2023 | Sep 05, 2023 | Sep 18, 2023 | $0.440 | 0.607% |
| 4 | May 12, 2023 | May 30, 2023 | Jun 13, 2023 | $0.440 | 0.477% |
| 5 | Feb 24, 2023 | Mar 14, 2023 | Jun 13, 2023 | $0.440 | 0.477% |
FAQ
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