JPMorgan Asian Investment Trust Plc Forecast and Stock Analysis
Technical JAI.L stock analysis for Wednesday June 19, 2019.
JPMorgan Asian Investment Trust Plc gained 1.81% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from £360.00 to £366.50 , and 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 day the stock fluctuated 1.94% from a day low at £361.00 to a day high of £368.00. The price has risen in 5 of the last 10 days and is up by 4.27% over the past 2 weeks. Volume fell in the last day by -49 441 shares, and in total, 65 690 shares bought and sold for approximately £24.08 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the JAI.L stock price was £368.00 and low was £3.59.
- 90 day high was £385.00 and low was £3.59.
- 52 week high for the JPMorgan Asian Investment Trust Plc - £385.00 and low - £3.59.
Given the current short-term trend, the stock is expected to fall -15.91% during the next 3 months and, with 90% probability hold a price between £-17.03 and £308.19 at the end of this period.
Only positive signals in the chart today. JPMorgan Asian Investment Trust Plc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £359.14 and £299.36. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains 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 may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
JPMorgan Asian Investment Trust Plc finds support from accumulated volume at £358.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £7.00 between high and low, or 1.94%. For the last week, the stock has had a daily average volatility of 0.72%.
Our recommended stoploss: £355.14 (-3.10%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 21 days ago.)
0.72 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us