Jernigan Capital Inc Forecast and Stock Analysis
Technical JCAP stock analysis for March 22, 2019.
|Shorts||6.10% ( 2019-02-28 )|
Jernigan Capital Inc fell by -1.40% in the last day from $21.45 to $21.15 The price has been going up and down for this period, and there has been a -0.89% loss 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 -39 509 shares and in total 92 451 shares bought and sold for approximately $1.96 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the JCAP stock was $21.15. This is 1.4% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.75% from a day low at $21.14 to a day high of $21.51.
30 day high of the JCAP stock price was $22.00 and low was $21.03.
90 day high was $22.03 and low was $19.21.
52 week high for the Jernigan Capital Inc - $22.05 and low - $17.46.
Jernigan Capital Inc lies in the lower part of a weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $21.03 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.29% during the next 3 months and, with 90% probability hold a price between $22.56 and $24.53 at the end of this period.
There are few to none technical positive signals at the moment. Jernigan Capital Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $21.46 and $21.54. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday March 15, 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.
* 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.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $20.09 and $19.72.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Jernigan Capital Inc finds support just below today's level at $20.09. If this is broken, then the next support from accumulated volume will be at $19.72 and $19.54.
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 $0.37 (1.75%) between high and low. For the last week, the stock has had a daily average volatility of 1.56%.
Our recommended stoploss: $20.06 (-5.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 days ago.)
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Jernigan Capital Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.