JBR stock forecast Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1
JBR Forecast and Technical Stock Analysis
Hold candidate since 2019-08-16
Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 gained 5.74% in the last trading day ( Friday, 16th Aug 2019 ), rising from $5.75 to $6.08 During the day the stock fluctuated 2.88% from a day low at $5.91 to a day high of $6.08. The price has risen in 4 of the last 10 days and is up by 0.66% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1 577 more shares were traded than the day before. In total, 1 597 shares bought and sold for approximately $9 709.76.
Quick summary:
- 30 day high of the JBR stock price was $6.70 and low was $5.65.
- 90 day high was $6.84 and low was $5.28.
- 52 week high for Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 - $10.55 and low - $5.28.
Trend
Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 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 -5.17% during the next 3 months and, with 90% probability hold a price between $4.98 and $6.29 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Tuesday August 13, 2019, which indicates further gains until a new top pivot has been found. Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $6.16. On a fall, the stock will find some support from the short-term average at $5.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 53 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 finds support from accumulated volume at $5.95.
Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.17 (2.88%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $5.82 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
1.29 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Select Asset Inc. Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2006-1, Class A-1 holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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