Jack In The Box Inc. Stock Forecast
Red day on Monday for Jack In The Box Inc.
(Updated on Apr 22, 2024)
The Jack In The Box Inc. stock price fell by -0.235% on the last day (Monday, 22nd Apr 2024) from $59.64 to $59.50. During the last trading day the stock fluctuated 4.73% from a day low at $57.66 to a day high of $60.39. The price has fallen in 6 of the last 10 days and is down by -1.75% for this period. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 696 thousand shares were bought and sold for approximately $41.44 million.
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 -23.37% during the next 3 months and, with a 90% probability hold a price between $44.07 and $50.52 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 2.30%. 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). 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 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 $66.89. On a fall, the stock will find some support from the short-term average at $59.46. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jack In The Box Inc. stock
Jack In The Box Inc. finds support from accumulated volume at $58.89 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 $2.73 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 3.85%.
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 Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Jack In The Box Inc. to open at $59.18, and during the day (based on 14 day Average True Range), to move between $57.46 and $61.54, which gives a possible trading interval of +/-$2.04 (+/-3.43%) 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 6.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.89 (1.03%) than the resistance at $60.56 (1.78%), 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 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: -3.229 Sell Candidate Unchanged
Predicted Opening Price for Jack In The Box Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $59.18 ( 0.532%) | $59.50 |
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 | 61.91 | 4.06 % | |
| R2 | 60.87 | 2.30 % | ||
| R1 | 60.23 | 1.22 % | ||
| Current price: | 59.50 | |||
| Support | S1 | 58.14 | -2.28 % | |
| S2 | 57.50 | -3.37 % | ||
| S3 | 56.45 | -5.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.35 | 23.28 % | |
| R2 | 70.30 | 18.15 % | ||
| R1 | 60.56 | 1.78 % | ||
| Current price | 59.50 | |||
| Support | S1 | 58.89 | -1.03% | |
| S2 | 58.16 | -2.25% | ||
| 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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