Previous Hold Today JCAP ranks #2861 as HOLD CANDIDATE #2861 Next Hold

Jernigan Capital Inc stock forecast

JCAP stock forecast

Wednesday June 19, 2019 Change -0.14% Price $21.53
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will JCAP stock price go up or down on Thu, 20 Jun 2019?

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Jernigan Capital Inc Forecast and Stock Analysis

Technical JCAP stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-19


Jernigan Capital Inc fell by -0.14% in the last day ( Wednesday, 19th Jun 2019 ) from $21.56 to $21.53 During day the stock fluctuated 1.46% from a day low at $21.29 to a day high of $21.60. The price has been going up and down for this period, and there has been a 2.67% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -33 076 shares and in total 101 956 shares bought and sold for approximately $2.20 million.

Quick summary:

  • 30 day high of the JCAP stock price was $21.60 and low was $20.55.
  • 90 day high was $22.20 and low was $20.05.
  • 52 week high for the Jernigan Capital Inc - $22.20 and low - $17.91.

Trend

Jernigan Capital Inc is the upper part of a horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $21.66 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Jernigan Capital Inc with 90% probability to be traded between $20.09 and $21.53 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

Jernigan Capital Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $21.11 and $21.11. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Wednesday August 15, 2018 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Jernigan Capital Inc finds support from accumulated volume at $21.15.

Support: $21.15 Price: $21.53 Resistance: $21.54

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.31 (1.46%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.

Our recommended stoploss: $20.70 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

1.47 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Jernigan Capital Inc 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 for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today JCAP ranks #2861 as HOLD CANDIDATE #2861 Next Hold

Will JCAP stock price go up or down on Thu, 20 Jun 2019?

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