Wetherspoon(J D) plc Stock Forecast
Wetherspoon(J D) plc stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Wetherspoon(J D) plc stock price fell by -1.70% on the last day (Thursday, 25th Apr 2024) from £735.50 to £723.00. During the last trading day the stock fluctuated 2.70% from a day low at £721.00 to a day high of £740.50. The price has been going up and down for this period, and there has been a -2.56% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 113 thousand shares were bought and sold for approximately £81.62 million.
The stock lies in the middle of a 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 -12.83% during the next 3 months and, with a 90% probability hold a price between £619.19 and £665.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JDW.L Signals & Forecast
There are mixed signals in the stock today. The Wetherspoon(J D) plc 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 £731.14 and £753.49. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Wetherspoon(J D) plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £19.50 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: £678.90 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (JDW.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Wetherspoon(J D) plc to open at £728.17, and during the day (based on 14 day Average True Range), to move between £701.05 and £744.95, which gives a possible trading interval of +/-£21.95 (+/-3.04%) up or down from last closing price. If Wetherspoon(J D) plc takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £746.00, some £23.00 (3.18%) from the current price of £723.00, our system finds the risk reward not very attractive.
Is Wetherspoon(J D) plc stock A Buy?
Wetherspoon(J D) plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.803 Hold/Accumulate Upgraded
Predicted Opening Price for Wetherspoon(J D) plc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
£728.17 ( 0.715%) | £723.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JDW.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 747.67 | 3.41 % | |
R2 | 740.22 | 2.38 % | ||
R1 | 735.62 | 1.74 % | ||
Current price: | 723.00 | |||
Support | S1 | 720.72 | -0.316 % | |
S2 | 716.12 | -0.95 % | ||
S3 | 708.67 | -1.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 830.00 | 14.80 % | |
R2 | 812.50 | 12.38 % | ||
R1 | 746.00 | 3.18 % | ||
Current price | 723.00 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
JDW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 13, 2019 | Oct 24, 2019 | Nov 28, 2019 | £8.00 | 0.502% |
2 | Mar 15, 2019 | May 02, 2019 | May 30, 2019 | £4.00 | 0.300% |
3 | Sep 14, 2018 | Oct 25, 2018 | Nov 29, 2018 | £8.00 | 0.701% |
4 | Mar 16, 2018 | May 03, 2018 | May 31, 2018 | £4.00 | 0.328% |
5 | Sep 15, 2017 | Oct 26, 2017 | Nov 30, 2017 | £8.00 | 0.655% |
FAQ
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