Jupiter Green Investment Trust Stock Forecast
Jupiter Green Investment Trust stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Jupiter Green Investment Trust stock price fell by -0.83% on the last day (Monday, 22nd Apr 2024) from £181.50 to £180.00. During the last trading day the stock fluctuated 0.417% from a day low at £180.00 to a day high of £180.75. The price has risen in 4 of the last 10 days but is still down by -0.06% for this period. Volume has increased on the last day by 392 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately £2.16 million.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £180.69 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.65% during the next 3 months and, with a 90% probability hold a price between £156.27 and £161.45 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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JGC.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jupiter Green Investment Trust 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 £180.74 and £186.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -8.15%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Friday, February 09, 2024 with a target of £194.42. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Jupiter Green Investment Trust 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 £0.750 between high and low, or 0.417%. For the last week the stock has had daily average volatility of 0.564%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JGC.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Jupiter Green Investment Trust to open at £180.25, and during the day (based on 14 day Average True Range), to move between £178.27 and £181.73, which gives a possible trading interval of +/-£1.73 (+/-0.96%) up or down from last closing price. If Jupiter Green Investment Trust takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £181.00, some £1.00 (0.56%) from the current price of £180.00, our system finds the risk reward not very attractive.
Is Jupiter Green Investment Trust stock A Buy?
Jupiter Green Investment Trust holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.854 Sell Candidate Downgraded
Predicted Opening Price for Jupiter Green Investment Trust of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £180.25 ( 0.139%) | £180.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JGC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 181.00 | 0.556 % | |
| R2 | 180.71 | 0.396 % | ||
| R1 | 180.54 | 0.298 % | ||
| Current price: | 180.00 | |||
| Support | S1 | 179.96 | -0.0203 % | |
| S2 | 179.79 | -0.119 % | ||
| S3 | 179.50 | -0.278 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.50 | 6.39 % | |
| R2 | 188.50 | 4.72 % | ||
| R1 | 181.00 | 0.556 % | ||
| Current price | 180.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
JGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2021 | Sep 16, 2021 | Oct 01, 2021 | £0.640 | 0.249% |
| 2 | Jul 08, 2020 | Sep 24, 2020 | Oct 16, 2020 | £1.30 | 0.622% |
| 3 | Dec 20, 2019 | Mar 05, 2020 | Mar 27, 2020 | £1.10 | 0.705% |
| 4 | Jul 04, 2019 | Sep 26, 2019 | Oct 18, 2019 | £1.20 | 0.628% |
| 5 | Mar 05, 2019 | Mar 14, 2019 | Mar 29, 2019 | £1.00 | 0.562% |
FAQ
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