JAKKS Pacific Stock Forecast
JAKKS Pacific stock price ended at $22.31 on Thursday, after gaining 0.722%.
(Updated on Apr 18, 2024)
The JAKKS Pacific stock price gained 0.722% on the last trading day (Thursday, 18th Apr 2024), rising from $22.15 to $22.31. During the last trading day the stock fluctuated 2.52% from a day low at $22.26 to a day high of $22.82. The price has been going up and down for this period, and there has been a -2.32% loss for the last 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 55 thousand shares were bought and sold for approximately $1.22 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $21.72, a level that may pose a second chance to hit a runner. According to fan-theory $27.26 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JAKK Signals & Forecast
There are few to no technical positive signals at the moment. The JAKKS Pacific 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 $22.56 and $23.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -14.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for JAKKS Pacific stock
JAKKS Pacific finds support from accumulated volume at $22.15 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.560 between high and low, or 2.52%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAKK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect JAKKS Pacific to open at $22.46, and during the day (based on 14 day Average True Range), to move between $21.27 and $23.35, which gives a possible trading interval of +/-$1.04 (+/-4.66%) up or down from last closing price. If JAKKS Pacific takes out the full calculated possible swing range there will be an estimated 9.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.15 (0.72%) than the resistance at $23.53 (5.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
JAKKS Pacific will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.320. We will update the financials statements for JAKKS Pacific, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.74% in the first trading day after earnings release.
Is JAKKS Pacific stock A Buy?
JAKKS Pacific holds several negative signals and is within a very 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: -4.197 Sell Candidate Unchanged
Predicted Opening Price for JAKKS Pacific of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $22.46 ( 0.687%) | $22.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAKK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.02 | 3.20 % | |
| R2 | 22.81 | 2.24 % | ||
| R1 | 22.68 | 1.65 % | ||
| Current price: | 22.31 | |||
| Support | S1 | 22.25 | -0.272 % | |
| S2 | 22.12 | -0.86 % | ||
| S3 | 21.90 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.63 | 14.88 % | |
| R2 | 24.29 | 8.87 % | ||
| R1 | 23.53 | 5.47 % | ||
| Current price | 22.31 | |||
| Support | S1 | 22.15 | -0.717% | |
| S2 | 21.95 | -1.61% | ||
| S3 | 0 | . |
JAKK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2013 | Jun 12, 2013 | Jul 10, 2020 | $0.700 | 10.74% |
| 2 | Feb 20, 2013 | Mar 13, 2013 | Apr 01, 2013 | $0.700 | 0.674% |
| 3 | Oct 22, 2012 | Dec 12, 2012 | Jan 02, 2013 | $1.00 | 0.767% |
| 4 | Jul 17, 2012 | Sep 12, 2012 | Oct 01, 2012 | $1.00 | 0.714% |
| 5 | Apr 18, 2012 | Jun 13, 2012 | Jul 02, 2012 | $1.00 | 0.613% |
FAQ
Click here for our free guide on how to buy JAKKS Pacific Stock.
