J JILL GROUP INC Stock Forecast

J JILL GROUP INC stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 17, 2024)

JILL Signals & Forecast

There are few to no technical positive signals at the moment. The J JILL GROUP INC 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 $26.75 and $27.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -21.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for J JILL GROUP INC stock

J JILL GROUP INC finds support from accumulated volume at $24.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.630 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 4.23%.

Our recommended stop-loss: $23.74 (-6.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (JILL) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect J JILL GROUP INC to open at $25.52, and during the day (based on 14 day Average True Range), to move between $24.25 and $26.57, which gives a possible trading interval of +/-$1.16 (+/-4.58%) up or down from last closing price. If J JILL GROUP INC takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.85 (2.20%) than the resistance at $26.47 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is J JILL GROUP INC stock A Buy?

J JILL GROUP INC holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.658 Hold/Accumulate Upgraded

Predicted Opening Price for J JILL GROUP INC of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.