Jewett-Cameron Trading Company Stock Forecast
Red day on Thursday for Jewett-Cameron Trading Company
(Updated on Mar 28, 2024)
No changes to the price of Jewett-Cameron Trading Company stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $5.34 to a day high of $5.34. The price has risen in 4 of the last 10 days but is still down by -0.41% for this period.
The stock lies in the middle of a 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 -3.74% during the next 3 months and, with a 90% probability hold a price between $4.72 and $5.72 at the end of this 3-month period.
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JCTCF Signals & Forecast
There are mixed signals in the stock today. The Jewett-Cameron Trading Company 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 $5.38 and $5.40. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 0.146%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, November 08, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 08, 2023 in the long-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.
Support, Risk & Stop-loss for Jewett-Cameron Trading Company stock
Jewett-Cameron Trading Company finds support from accumulated volume at $5.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.149%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JCTCF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jewett-Cameron Trading Company to open at $5.34, and during the day (based on 14 day Average True Range), to move between $5.25 and $5.43, which gives a possible trading interval of +/-$0.0923 (+/-1.73%) up or down from last closing price. If Jewett-Cameron Trading Company takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.40 (1.17%) than the support at $5.25 (1.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jewett-Cameron Trading Company stock A Buy?
Jewett-Cameron Trading Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.672 Sell Candidate Unchanged
Predicted Opening Price for Jewett-Cameron Trading Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$5.34 ( 0.00000000%) | $5.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JCTCF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.34 | 0.00000000 % | |
R2 | 5.34 | 0.00000000 % | ||
R1 | 5.34 | 0.00000000 % | ||
Current price: | 5.34 | |||
Support | S1 | 5.34 | 0.00000000 % | |
S2 | 5.34 | 0.00000000 % | ||
S3 | 5.34 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.99 | 12.22 % | |
R2 | 5.47 | 2.47 % | ||
R1 | 5.40 | 1.17 % | ||
Current price | 5.34 | |||
Support | S1 | 5.25 | -1.64% | |
S2 | 5.24 | -1.83% | ||
S3 | 5.12 | -4.08% |
FAQ
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