Jernigan Capital Inc Forecast and Stock Analysis
Technical JCAP stock analysis for Wednesday June 19, 2019.
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.
- 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.
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.
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.
* 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 65 and the stock is currently not being overbought or oversold
Support & Resistance
Jernigan Capital Inc finds support from accumulated volume at $21.15.
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
Very Low Low Medium High Very High
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.
|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
|JCAP $21.53 ($-0.03 -0.14%)|
JCAP is down $0.03 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for JCAP based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the JCAP analysis is free »
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